DXY-SELL strategy Short

U.S. Dollar Currency IndexTVC

Description

⋅ Apr 20, 2022 5:58 AM

Eventhough its not heavy overbought, I feel considering USDJPY, we should be on short side too.

The ADX has been in a strong trend, and RSI is above 70.0 (not extreme).

Strategy is SELL @ 100.50-101.00 and take profit @ 98.27 for now. Stop-loss if wished for @ 101.55.

Trend Analysis

Comments

ammaralerwi1424

⋅ Apr 20, 2022 11:08 AM

Where’s USOIL

peterbokma

⋅ Apr 20, 2022 1:18 PM

@ammaralerwi1424, I posted yesterday USOIL futures... tomorrow will use the usual chart again..it was not updating as its a CFD type thats why... am still feeling to see lower levels as a guide..tc