TheTradersAvenue

DXY > What the Next Major Move for Dollar!!

Long
TVC:DXY   U.S. Dollar Index
Analysis of #DXY

This is a classic confirmed head ad shoulder with neckline turning to support and as you can see on the chart.

so what does that means?

if this were to continue higher from here it will result in first lower gold and old prices " in theory"

lower EUR, and commodity pairs, lower indices "in theory"

I have already bought some dollars against three pairs which I think have a good probability of going my way versus the other way


Check today analysis below⠀

Thank you for the support you keep showing me with
_____________________________________________________________________________⠀
-DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀
-⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.