a lot of people asked me to analyze dollar index chart.
I couldn't find great buying opportunity.
I also saw the cpi data. But cpi is cpi.
Also the Cpi was low in August.
So I personally belive that dollar will be strong in next few weeks.
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I want to add you one more things. If it fails, my maximum bottom line is 104
And I am positive with strong dollar until end of this year.
104 to 107 can form a bottom
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Moving to an upside well
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stable bottom so far
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it is bullish. keep up the good trading !
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dollar is making bottom supportin line stronger. it is positive signal for long dxy
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dollar is keeping my resistant line that I drew. It means dollar wants to go upside perhaps
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My view is solid. DXY wil go up again soon after december
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I won't trade DXY anymore but I will keep my dollar bills to my bank. DXY will stay same price for an entire year of 2023. Now the DXY isn't much related with stock price anymore. Do not think about dollar index and trade. Looks like inflation is about to end secretly and deflation would come soon in 2023. let's see the world ahead 2023