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peterbokma
Apr 28, 2022 12:24 AM

DXY-SELL++ Short

U.S. Dollar Currency IndexTVC

Description

The market has gone more north. It does not change the view though.

The short @ 102.30-102.40 as suggested is there, and we add again @ 103.25. This is not changed, and we add again above 103.80.

Correction likely will take place back to 100.50 area. Observing all pairs vs the US dollar they all have a common overbought state, and this is build into the DXY as well of course. It is either we select a pair, or we trade this one. The difficulty is that we need most to correct, and that would move the future price of DXY.
Comments
surajfreak12
think until fed rate decision which is on 5may , dxy should have more bids
peterbokma
@surajfreak12, maybe that is the case... but remember... market is conditioned LONG but of course we can NEVER predict highs... let's see sir...
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