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Adam-Robinson
Feb 1, 2020 10:05 AM

DXY - BULLISH Long

US DOLLAR CURRENCY INDEXINDEX

Description

Weekly - Still bullish within long term pitchfork which is a good indication to look for buy signals with the US dollar and last week produced a bearishing engulfing candle against the previous week. Price broke the bearish trendline and retraced up to to the 50% level of the downtrend since September 30th.

Daily - This week could see the DXY move lower towards the 97.250 and 97.150 zone before it continues higher. Look for buy signals with the USD around that level.
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