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peterbokma
Jan 5, 2022 1:11 PM

DXY-SELL strategy Short

U.S. Dollar Currency IndexTVC

Description

We are becoming negative on DXY, which supports the bullish AUDUSD and BEARISH USDTRY idea.

The strategy is SELL current 96.10-96.15 for a move to low 95.00s short-term and even lower. The stop-loss should be placed 96.85 for now and profit 95.17.

Comment

taking back the position as I am not convinced for much lower. Trade taken back at 95.63.
Comments
SabahEquityResearch
dxy at 110 in 2 years
peterbokma
@CountLikeWallStreet, in two years time maybe, but for now I think south first. Thank you for the long-term chart and forecast. tc
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