quantguy

The DXY Hits our Profit Targets!! 💸🤑

Long
TVC:DXY   U.S. Dollar Currency Index
The US dollar has resumed its rally, hitting the profit targets we have been discussing for weeks now. We have set 104.53 and 104.83 as profit targets, using Fibonacci extensions a while back, and we have just now hit both of these, after extending a sideways correction for quite some time. However, we broke out of a bull wedge consolidation pattern and the rally has continued. We are currently seeing some resistance at these levels, confirmed by red triangles on the KRI . But if we are able to breakout further, then 105.78 is the next target. Be mindful of the vacuum zone below to 102.86.

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