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vikinsa
Mar 6, 2021 4:09 PM

DXY Update That You Must Watch - Dollar Squeeze Coming? Long

U.S. Dollar Currency IndexTVC

Description

Traders, we have seen the effects of dollar rising last week when stock markets (nasdaq, snp500, us30), cryptos (bitcoin, ethereum and others) and precious metals (gold and silver) also started to tumble. Even RESLA started to come down too. This is because of the fact that most markets are dependent on dollar. Against the general perception that dollar will die now, there may be few last good moves left in it which means that you must watch it closely as it can seriously impact your investments in financial markets. It has the potential to pop the bubble.


Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too

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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
KU13HAL
Excellent :)
vikinsa
@KU13HAL, Thanks :)
CalvinEJ
Thanks Vik, with the Senate in the US passes the next stimulus bill how do you see that affecting the USD?
vikinsa
@CalvinEJ, I guess it did not :)
ConConMcG
that is one big looking W-Pattern Vik that could push DXY up another $1-$2. Keep up the great work!
vikinsa
@conormcgurk1, yes that is a nice area. Good luck!
Fazm
nice man
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