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JoeChampion
Apr 8, 2023 3:31 PM

DXY Targeting more lows? Short

U.S. Dollar Currency IndexTVC

Description

Hey Traders, in the coming week we are monitoring DXY for a selling opportunity around 103 zone, DXY is trading in a downtrend and now seems to be in a correction phase in which it is approaching the major trend around the support and resistance zone of 103. We would consider Dollar shorts for the fact that US data continue to print soft and the market is expecting more of less restrictive monetary policy from the federal reserve. CPI data next week would be a good confirmation on where the market is trending.
Trade safe, Joe.
Comments
EliteOtaku
alomost the same with my idea, you can watch it in my ytb channel, nice job bro!
JoeChampion
@EliteOtaku, Thanks buddy!
basictradingtv
great work as always, thanks!
JoeChampion
melikatrader94
Well done mate! The area that you have pointed out looks very strong.
JoeChampion
@melikatrader94, I appreciate!
rTrader_official
completely agree with your idea
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