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PJ_Tsotetsi
Jul 29, 2022 12:08 PM

Dxy Bulls Long

U.S. Dollar Currency IndexTVC

Description

Due to DXY reaching a strong zone of resistive pressure it has to gather enough power to break High's as we are on a Bullish trend
Dollar strength is assured as FED hicked the US Reserves Bank by 75 basis Points(2-3%),making the dollar more expensive to buy. This will have a Ripple effect that will interest US Consumer spending but impact companies that rely on international trade to profit
Candlestick Rejections have been showing inadicuate strength for sells
Comments
BitonGroup
nice analysis
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