laughingchartist

DXY [1-3 weeks view]

Short
TVC:DXY   U.S. Dollar Index
DXY reacting right below 61.8% Fibo retracement.
A further drop now towards support at 99.36 is expected.
I expect USD to weaken further over the next few days.

I would take this as a guide when looking at all USD related pairs.

Cheers and have a great week ahead.
Trade active:
We can't really trade the Dollar index.

But as expected, the dollar index fell in line towards the projected target.
I expected this to happen over the next few days... But what i didn't expect was the drop to happen so fast and so quick.

Expecting further USD weakness this week!
Trade closed: target reached
Trade closed: target reached:
Target reached on this! will try to do a refreshed analysis sometime soon.

Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it? - Luke 14:28
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