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uzzaam17

DXY - Up, Up and Away?

Long
U.S. Dollar Index (TVC:DXY)  
uzzaam17  
TVC:DXY   U.S. Dollar Index
Trend Analysis Chart Patterns Beyond Technical Analysis dxylong DXY dollarindex confluence
9
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trendanalysis chartpattern beyondta dxylong dxy dollarindex confluence
After a pullback on the Dollar Index , we saw a clear rejection of the $96.50 level.

We could see the DXY rise up to the $101.50 - $102.00 level, since from an algorithmic and institutional viewpoint, stop losses from the typical retail "Double Top" are placed above. These are prime targets for the banks.

The potential rise in DXY provides further confluence for GU and EU shorts, as shown on my page.


Enjoy :)


-uzzaam17
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