US DOLLAR INDEX ____ SHORT-TERM BEARISH LONG-TERM BULLISH
Hello Traders,
As expected last week, the dollar was bearish (see my previous DXY analysis below) but what you may notice is that Friday's candle close was bullish. I expect this week to rally the go bearish to takeout the lows of Friday's candle, after which, the long-term bullish move will commence.
I will post my analysis on dollar-related pairs and how I will trade them according to my view of the dollar index.
Follow me for more updates.
Here's my previous DXY analysis which played out as speculated.
Cheers,
David
As expected last week, the dollar was bearish (see my previous DXY analysis below) but what you may notice is that Friday's candle close was bullish. I expect this week to rally the go bearish to takeout the lows of Friday's candle, after which, the long-term bullish move will commence.
I will post my analysis on dollar-related pairs and how I will trade them according to my view of the dollar index.
Follow me for more updates.
Here's my previous DXY analysis which played out as speculated.
Cheers,
David
Trade closed: target reached
