alex.a

DXY falling how far ~

Short
INDEX:DXY   US DOLLAR CURRENCY INDEX
1
until before Dec FOMC, DXY has been falling so far. But how far it will fall and how fast it will fall. That is the question. First target of trend line has been almost reached. And perhaps today NY market, it will reach 2nd target??? We'll see, I suppose this DXY down trend will be continued at least before Dec. FOMC. Good luck ~ Today DXY got gap 79.94 ==> 79.97 up but how long it will last ~~~ The deeper it gets, the more buyers, too. Seeing after taper they will get profit ~ hold it for just longer... But until that time, what will happen, nobody knows...
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.