vikinsa

DXY Is Moving Towards The Second FCP Zone

Long
TVC:DXY   U.S. Dollar Currency Index
Traders, This was always a possibility. Mainly because EURUSD was also looking to reach 1.22 level. DXY is now going towards 89.89. We must be very cautious at this level as there can be a lot of manipulations in the market. This is one of the last levels for Dollar to reach this year. If this hold then we can see good bullish movement. Else we will have to reanalyse.

Use arrows for direction and zones and levels as support and resistance .

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Take care and trade well
-Vik

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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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Comments

Hopefully this Friday with Quad Witch Options expiry, Dollar will start bouncing back and reach the bullish levels you have been mentioning for past few weeks.
+1 Reply
vikinsa rahulneo
@rahulneo, lets see how it plays out. Last few working days can be really tricky especially when this is 2020 :)
+1 Reply
rahulneo vikinsa
@vikinsa, Very true... in 2020 anything can happen ;)
Reply
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