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ridethepig
Jun 15, 2020 8:31 AM

ridethepig | DXY Market Commentary 2020.06.15Β Short

U.S. Dollar Currency IndexTVC

Description

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A quick update here for those tracking the entire swing in Dollar:



It would be more natural to develop in this structure with a test of 99, since the impulsive sequence (if it is such) must eventually test 92.92 to complete the move. To keep up the pressure on USD the social focus will instead switch towards Atlanta and health focus on virus cases which sadly are shooting higher once more.

To exploit the USD "weakness" the positions are more of one:

πŸ“For those tracking Short-term flows:



πŸ“ For those tracking the Long-term Macro chart:



As usual thanks all for keeping the likes, comments, charts and questions rolling!

Trade closed: target reached

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92.92 hit! βœ… βœ…
Comments
radyan899464
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Excellent,nice analysis
Gokur
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GJ RTP! How is your home fitness btw? ;) I have become so fatty because of covid.
Yeah I feel the same $ down € up. GL, will be tracking 100.2 - 103.6 DXY to short
ridethepig
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@Gokur, what if we all had to do 1km every time I've said 'sorry i'm on mute'... hard to fight the risk rally at the moment, Fed saying shorters can join the unemployment claims queue.
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