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UnknownUnicorn36736888
Mar 20, 2022 12:06 PM

DXY | Rally Party Over Short

U.S. Dollar Currency IndexTVC

Description

DXY has been enjoying some uninterrupted moon-rally, however, as with everything, nothing continues forever. DXY has found a bending point at which sellers are taking control. I would argue at this stage that the move was a major retracement to re-test the previous highs and not necessarily a trend. That said, the forthcoming fall will be more than this rally.

Trade well and take care.
Comments
T-r-X
Dollar shortage, will only go up.
UnknownUnicorn36736888
@T-r-X, thanks for comment. Let us observe and see. Your view is valid. However, I don't price forming any new high hereon until we dip below 96
Leo-btm
looks bullish for me, but thanks for sharing
UnknownUnicorn36736888
@Leo-btm, thanks for comment. Let us observe and see, your view is valid.
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