Here is our take on the DXY - referring to the Dollar strength index - which relates to consumer confidence within the United states.
While our charts show less about how the fundamental side affects the setups - the purpose of our view is to show while yes;
coronvirus - now affecting Trump directly.
Trade stalemate with China
Internal race division
as well as globalisation,
US intermediating new Middle east issues.
All of which hang in the balance - but can be used to solidify the position held.
We have our target for Long positions with long positions only - with take profit around 99 price level
for those trading short-term and intraday forex trading strategies, ofcourse sells are possible.
There is a lot of room for the Dollar Index to keep on rallying and will be into 2021 before we see a profit target hit.
There is nothing to prevent the Dollar Index from the movements. So long as the higher highs are maintained .
The eyes - are sell targets
The eyes - are potential buy zones.
it depends on your outlook.
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10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
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