ApexBull

DOLLAR INDEX MONTHLY COMING INTO SUPPORT #FOREX LONG TERM VIEW

TVC:DXY   U.S. Dollar Index
On a monthly chart we can see that DXY is coming into strong support retesting key levels. Last time in 2018 it did similar retest it rallied to create a new range retesting the highs, are we going to get a similar reaction this time if economy enters serious recession in 2023 and DOLLAR rally will again come into play as a safe haven bid or will it blow through the support...We'll need to wait and see if we produce a bounce around the area to get long for the q1/q2 2023.

discord.gg/fundingtraders
www.apexbull.com - Algo, Course & Signals
www.fundingtraders.com - up to 2 million funded accounts
Telegram Traders Chatroom: t.me/apextradingchat
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.