I switched from using the DXY to Dow for my Dollar analysis a year back ,however this year around late March, I decided to open my dxy chart and make an analysis that'd revisit 3 months later. I was amazed how the turning point of price was behaving like a train on tracks with arrows I had drawn months back. My analysis for the dxy is quite a simple one ,let's focus from the fib onwards (don't mind the trendline drawings, it's old analysis from 2018). I won't go into much detail as to why I based the dxy on a bullish scenario (dxy isn't my main dollar chart) anyway, we will be focusing on the deviations given out by the fib. I projected that price will bounce from the 70,5 and revert upwards to around 95.00 on the dxy based on seasonal confluence. It's soothing to come back to the chart on this present day and see how cooperative price has been in terms of my prediction. Still early days from my target of 95.
I will come back in 2 months to update, this is my first ever publish by the way. Interesting to see how much more I'll be able to share publicly.
NB: July is a special time in the market place,hence I decided to make my first publishing, Happy trading to all of you
I will come back in 2 months to update, this is my first ever publish by the way. Interesting to see how much more I'll be able to share publicly.
NB: July is a special time in the market place,hence I decided to make my first publishing, Happy trading to all of you