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afcapitaltrading
May 6, 2020 9:42 PM

DXY Short term Update Long

U.S. Dollar Currency IndexTVC

Description

We are looking for a final push, however be wary that on the longer timeframe the picture is still pretty mixed, we can see dollar strength due to fundamental risk-off scenarios in the short term that coincides with DAX & S&P Sentiment and price action, however, a leg to the downside is still very much close.

Trying to paint a little bit of perspective in a crazy environment.

You can check my profile for the longer-term picture and relation with EU.

Have a nice week!
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afcapitaltrading
Update:

First initial targets have been reached and positions were taken based on dollar weakening, grim outlook still for the greenback but with a small correction for a continued downside move

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