These are my personal opinions and by no means should be considered investment advice. I am not a Licensed Trader, Do your research. Let us get straight to my charts. My Stance on this position is relatively Bullish on the Shot Term. I am Using the RSI that is indicating that we are on a path to an uptrend since 17 of December 2020. When the RSI bounced above 20 the only thing is that instead of going Higher High, We ended up going down. Then found some support at $89ish area on the 31st of December 2020.
I'm now comparing the RSI levels when they were low back on March 13 2020 and it found a bottom and skyrocketed back up to low RSI levels of 17 December 2020. 4 days after it found some resistance at 91 and dropped hard and formed a shooting star if I am not mistaken on 21st of December 2020.
It seems as if $DXY found support at around the $89ish and is recovering. If we would recall the dates between 14th of January 2014 to 8th of April 2018 we would see that for about 4 Years DXY Trading between $88ish and $96ish. Guess what today. 1st January 2021 $DXY is around the same levels.
I am bullish on the fact that the MACD Short Term outlook is Bullish. KEYWORD SHORT TERM OUTLOOK BULLISH MAYBE LONG TERM NOT SURE YET BUT SHORT TERM. Easy cheddar
Entry $89.95
TP $92.00
TP $93.00
TP $95.00
TP $97.00
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I'm now comparing the RSI levels when they were low back on March 13 2020 and it found a bottom and skyrocketed back up to low RSI levels of 17 December 2020. 4 days after it found some resistance at 91 and dropped hard and formed a shooting star if I am not mistaken on 21st of December 2020.
It seems as if $DXY found support at around the $89ish and is recovering. If we would recall the dates between 14th of January 2014 to 8th of April 2018 we would see that for about 4 Years DXY Trading between $88ish and $96ish. Guess what today. 1st January 2021 $DXY is around the same levels.
I am bullish on the fact that the MACD Short Term outlook is Bullish. KEYWORD SHORT TERM OUTLOOK BULLISH MAYBE LONG TERM NOT SURE YET BUT SHORT TERM. Easy cheddar
Entry $89.95
TP $92.00
TP $93.00
TP $95.00
TP $97.00
Like, share, and subscribe. :)
