DXY - The Future of The Dollar Long

U.S. Dollar Currency IndexTVC

Description

⋅ Feb 6, 2021 10:51 AM

There seems to be a common bias among traders that the dollar is going to strength long term, I disagree.

I think we will potentially see short term strength but overall the DXY has lots more downside to cover.

This sell off was simply a lure to introduce some sellers and wipe out existing buyers.

I would like to see a reversal from the box marked to the upside as illustrated.

Comments

EasyCharts

⋅ Feb 6, 2021 9:10 PM

Agreed. This sell is far from over

AlkalineFX

⋅ Feb 7, 2021 8:58 AM

@EasyCharts, Let's get it this week!

mwimirire

⋅ Feb 6, 2021 7:03 PM

great analysis... i see it like that too...the interest rate markets will perform a bearish pullback which will make the dollar index gain strength in the short term. after that pull back we will still be dumping the dollar

AlkalineFX

⋅ Feb 7, 2021 8:58 AM

@mwimirire, couldn't agree more!

MOHITUK07

⋅ Feb 6, 2021 10:54 AM

good analysis bro i am learning daily for you and see my idea please rate my work 💓💓🙏

AlkalineFX

⋅ Feb 7, 2021 8:58 AM

@carefulKing84383, Thank you for the kind words, I will take a look!