vikinsa

DXY Is Back In The FCP Zone - Jan 2021 Plan

Long
TVC:DXY   U.S. Dollar Currency Index
Traders, DXY (Dollar) is creating a bullish divergence on the relative strength index . DollarIndex is oversold anyway and can push it higher in 2021 up to 95 level or higher. Markets are by nature designed to create maximum pain/frustration and maximum euphoria. Once they reach they peaks, they tend to revert back to their real value or reversion to the mean as it is called. So Dollar may be reaching its bottom for now.

Watch out for the market open this week and let it stablise before taking any trades.


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Take care and trade well
-Vik

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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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Comments

Excellent Analysis :)
+1 Reply
vikinsa KU13HAL
@KU13HAL, Thanks :)
Reply
Always helpful. Thanks for your wonderful analysis
+1 Reply
vikinsa Imran63
@Imran63, Thanks :)
Reply
nice work.share more ideas
+1 Reply
vikinsa abel11
@abel11, Thanks. Will do
Reply
@vikinsa Tx for the insights. As recommended I shall wait on the sidelines this week till DXY stabilizes. Hopefully it starts going up soon!
+1 Reply
vikinsa rahulneo
@rahulneo, Thanks. Yes that is the best idea for now. Wait and watch for few days and see how market opens and reacts.
Reply
Very possible
Reply
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