Nyerobobs

BEARISH MOMENTUM EXPECTED FROM THE DOLLA

Short
TVC:DXY   U.S. Dollar Index
SO I TRY TO MAKE MY ANALYSIS AS SIMPLE AS POSSIBLE FOLLOWING TRENDS AND RESPECTING THE FUNDAMENTAL ASPECTS TOO

THEREFORE, WITH SO MUCH UNCERTAINTY AROUND THE DOLLA CAUSED BY THE ELECTIONS AND THE USA PROBABLY GOING TO HAVE A SPLIT ECONOMY WITH THE DEMOCRAT PRESIDENT AND REPUBLICAN SENATE, THE DOLLA IS PROBABLY EXPEDCTED TO LOOSE GROUND ON OTHER CURRENCIES AT LEAST FOR NOW

I EXPECT THE DOLLA TO EASILY BREAK BELOW THE 3 MONTHS MAJOR RESISTANCE FORMING NEW LOWS AROUND 90POINT

THIS SIMPE ANALYSIS SHOULD BE HELPFUL IN TRADING FOREX USD PAIRS AND ALSO WOULD GIVE AN INSIGHT ON THE MOVEMENT OF BITCOIN AND GOLD , AS BOTH COMMODITIES COROLATES NEGATIVELY WITH THE DOLLA

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.