U.S. Dollar Currency Index (DXY) Moving Higher Long

U.S. Dollar Currency IndexTVC

Description

⋅ Sep 8, 2020 3:52 PM

The U.S. Dollar Currency Index (DXY) is looking to go higher.

I can see this index increasing based on multiple signals...
But this increase is looking more like a strong bounce that will take place but will be followed by a crash...

The crash part is still a bit far though...

The DXY is aiming higher.

Namaste.

Comments

Debbiesilva

⋅ Sep 9, 2020 3:02 AM

Beautiful explanation

AlanSantana

⋅ Sep 9, 2020 5:58 AM

@Debbiesilva, Thanks

Debbiesilvara

⋅ Sep 9, 2020 2:32 AM

Good explanation

PolarHusk

⋅ Sep 8, 2020 8:01 PM

good idea +

lavventura

⋅ Sep 10, 2020 5:10 PM

Gold and Silver seems correlated to BTC. If DXT will rise, GOLD and SILVER will be shorted where BTC might lose value as well, and idea related to this?

AlanSantana

⋅ Sep 10, 2020 5:49 PM

@lavventura, It is good info... Thanks for sharing.

watto8871

⋅ Sep 9, 2020 11:49 AM

Thanks great chart, with it being under the Red Kumo, still in a precarious spot however ? Agree more downside......leading up to elections is a volatile time historically