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;
The election coronvirus - now affecting Trump directly. Trade stalemate with China US stimulus 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 bullish movements. So long as the higher highs are maintained [see purple boxes for reference].
The eyes - are sell targets The eyes - are potential buy zones. it depends on your outlook.
Why follow us? Updates on our pairs as and when we can. Swing trade out looks 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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