Looks a Little Overextended Short

TVC:DXY1D

U.S. Dollar Currency IndexTVC

Description

⋅ Jul 13, 2022 10:44 PM

But who knows? If this manages to keep on going up then targets may be:
109.15 112.60 115

No recommendation

Chart Patterns

Comments

m4sajadi

⋅ Jul 14, 2022 1:45 PM

Now we look to chart

JoeChampion

⋅ Jul 13, 2022 11:11 PM

Short term i agree with you, long term it will skyrocket since we have a 100bps potential hike.

lauralea

⋅ Jul 14, 2022 1:15 AM

@JoeChampion, Maybe so

rehmanullahjan84

⋅ Jul 14, 2022 4:56 PM

@lauralea, can it come to 98

lauralea

⋅ Jul 24, 2022 1:44 PM

@rehmanullahjan84, yes..just double check your indicators or whatever you use as a buy signal as there is always the possibility it can go lower than that. This could form another flag. There is just no way to know for sure. It is no longer overbought.