imjesstwoone

DXY - Bearish - 4th Week of November

Short
TVC:DXY   U.S. Dollar Index
Relatively equal lows still in tact on DXY. I think we could trade into lows then reverse. However we did have clear rejection of higher prices last week. If price lingers after taking out REL, I would interpret that as a lack of willingness to trade higher & possibly target even lower. Yields are currently bearish to me with a lot more downside. Likewise bonds are bullish to me with a lot more upside.

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.