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Dollar (DXY) One Last Move Before Huge Moves Upwards?

Long
TVC:DXY   U.S. Dollar Currency Index
Traders, Do not get fooled by media reports on the dollar. Always think alternatively. DXY is reaching a point of huge reversal. This FCPZone ( Fibonacci Confluence Pattern Zone) has potential of pushing the Dollar upwards.
Dollar at the moment is at a crucial point. It can reverse upwards any time but this FCP zone is much better place to look for a reversal.

Remember this is the last week of the month and that too a short one due to Thanks Giving. So there will be a lot of volatility . Be careful on the positions that you will open. Have a solid risk management in place.


If you found this idea useful, hit the like button and subscribe. If you have your own ideas to share on this market or have a question, comment below so that we can discuss.

Take care and trade well
-Vik

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

Great as usual! Thx!!
+1 Reply
vikinsa dekrimskinner
@dekrimskinner, Thanks :)
Reply
good job!
+1 Reply
vikinsa TiagoMendesBR
@TiagoMendesBR, Thanks :)
Reply
Awesome Analysis as Always Perfect πŸ‘ŒπŸ» :)

Now Would wait to see what stored for BTC n XAU n if there is any correlation between them in anyway.
+1 Reply
vikinsa Sahil19
@Sahil19, Thanks :) BTC is also at its limit but again a last push they all need now.
Reply
Let's see, this being last week of the month, plus quite a lot is US data being released. Much awaited correcting on card.
+1 Reply
vikinsa Swapnil_78
@Swapnil_78, yes lets watch :) It may not happen immediately but as I said, EUR is also looking for a possible breakout so this week, next week or even towards the end of the year. But by next year DXY has to be bullish. All evidences are like that.
Reply
Great analysis, check my
+1 Reply
vikinsa Dave-FX-Hunter
@Dave-FX-Hunter, Brilliant! thanks for sharing it
Reply
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