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Rezakaz
Nov 23, 2022 12:40 AM

Where are those dollors? Short

U.S. Dollar Currency IndexTVC

Description

An update to my previous idea,

We see strong down trend in DXY, more dump for traditional market, and also bearish trend in crypto market,...

So what are these dollars waiting for? maybe waiting for better narratives or maybe better supports in markets! get prepared and be on call!

Sometime ago I have posted this idea:


Now we an update to that analysis with smaller timeframe, and we see a nice support in green box, I would think we will have some range here or more downtrend for DXY in upcoming days

What are your thoughts?

Trade active

Respecting perfectly to the channel which is drawn for more than a year ago.
I hope this analysis helps making decisions on taking wise risks.
Comments
JoeChampion
I agree with you, USD continues to be weak!
Rezakaz
@JoeChampion, Happy to hear your opinion mate :)
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