TradingView
xeshaan
Nov 12, 2022 10:37 PM

DXY/Dollor Analysis and Trade Idea 46th week 2022 Short

US Dollar IndexCapital.com

Description

DXY collapsed on CPI news and still heading to downward.
But a short term correction is expected.
So I think for next week before going further down it will test 107.200-107.300 zone and then move further down.
Dxy will continue it's bearish trend and will hit 104.28 by Friday which is a very strong support zone.
Further more Gold was bullish in last week and we are seeing a bullish relay in gold since 4th November it will also retrace sown and make a correction in price which is expected to 1740.00

Let's see how this week is going to be.
Comments
JoeChampion
Great one buddy!
dawoodaslam
Excellent work xeshan bro!
More