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TobySight
Sep 27, 2020 12:31 PM

DXY: breakout, go Long.  Long

U.S. Dollar Currency IndexTVC

Description

Following my analysis last weeks, US Dollars decided to breakout upwards. This suggests that dollar has chosen a direction and it is expecting further appreciation in the future. Be prepared for a drop in gold price and other commodity.

For those you miss the trend but want to get onto the train. Do not worry. Wait for a retract back to the support line. Once the price bounces the support line, the upward trend should be expected.
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