Mythril
Long

DXY Upcoming Week Crucial

INDEX:DXY   U.S. Dollar Index
86 2 1
Based on my analysis, DXY             will very much go up in the future.

Criteria for the reasoning:
Strong Uptrend on the Weekly
Retracement bouncing off the 50% Fib for 2 weeks
Pinbar with a long wick above the monthly support

This week, I could see the news being the deciding factor for the continuation of this bullish trend . For that reason, on the short/medium term, we could see some bearish movement to the downside to touch the 50% or the 61.8% again before it launchs upward.
Akshay15
2 years ago
As per my analysis be cautious those who are long on DXY it can reverse any time from it's uptrend
Reply
Mythril Akshay15
2 years ago
I do agree. We haven't seen this type of resistance since 2008. I would just take scalps.
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