Time to be bullish on GBP/USD, EUR/USD, GOLD etc
Updated
The DXY had been on a formidable run that we predicted over a month ago.
Now it's showing a lot of weakness at a key level. We are not in a short yet but we are longing GOLD
and will enter other positions when the DXY makes a concrete move.
The 4h chart paints a great picture for the bears.
Now it's showing a lot of weakness at a key level. We are not in a short yet but we are longing GOLD
and will enter other positions when the DXY makes a concrete move.
The 4h chart paints a great picture for the bears.
Note
The DXY has broken through the resistance. As of right now there is no trade to take as it remains bullish. We will analyse the PA over the next few days.Note
Today's retrace is pretty normal. Above 105.8 the DXY remains bullish for now.Note
As we updated, we retraced and backtested as support. Above 105.8 the next target is 108ish
Related publications
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.