FxMarketStrategy

USD INDEX PROVIDED BY WEEKLY FOREX FORECAST

Short
TVC:DXY   U.S. Dollar Index
Hello,
Direction: ONLY SELL, Duration, Hold for a full week, Momentum of fall, Hard crash.

Reasons: USA CHINA trade deal will open investors appetite to buy AUD, EUR, NZD and and Sell USD , CHF, US stock to continue rally, before a sharp crash from 3000 + or - area.


97-98 : This level has proven to be a very strong resistance and We forecast a reversal.

News from the US will slow down after neutral NFP news last Friday, So we are only selling DXY. THANKS FOR LIKE

TRUMP ALSO ASKED THE FED TO RATE CUT AND STOP MONETARY QUANTITATIVE TIGHTENING, INSTEAD TO DO EASING. SO WILL BRING USD DOWN


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.