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Mihai_Iacob
Jan 19, 2023 3:22 AM

DXY- The chart show a lot of bottiming signs Long

US Dollar IndexCapital.com

Description

If you read my analysis you know that I'm bullish USD and although so far the reversal keeps us waiting, my opinion remains the same.
Looking at the Dxy chart we can see that since Monday USD is showing some life with yesterday being a very agitated and volatile day.
Usually, big volatility is a sign of reversal, and yesterday's low could mark the bottom
Technically all the candles since Monday are reversal ones so a test of 103.50 resistance, in the short term, is very probable.
Anyway, I will remain bullish in the long run USD, and in my opinion, there is much more room for up than down.

I'm looking for good points to sell EurUsd and GbpUsd
Comments
JoeChampion
Good one Mihai!
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