TradeTheIndex

US Dollar Index 123 Bottom Confirmed!

Long
TVC:DXY   U.S. Dollar Index
Hey Traders so if you have been watching the US dollar over the past few weeks you will have noticed that almost ever dip has been bought into. Now I just noticed that there is a strong 123 bottom formation on the daily chart and it has closed above the 2 point. This in my opinion is most definitely a signal to go long the US Dollar or short the Euro, Pound, Aussie etc. This good be the start of big trend especially with inflation on the horizon and the FED thinking about cutting back stimulus.

Happy Trades,


Clifford

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