DXY shortMarket conditions say dollar index is getting ready for a fall. entering a short position here
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What's next on dxy?DXY is fundamentally strong now,
Gdp growth increases
unemploy. decreases
cot data remain neutral
infl rate decreases so that fall happen.
smart money traders take long postion.
Major trend Uptrend
Minor trend Downtrend.
Selling pressure is high
risk for buying..
short term downtrend expecting..
DXY MACRO ANALYSIS dxy monthly and weekly looks bearish, indicating an end to a 16 months up-trending chart. This could mean a great year for cryptocurrency and /usd pairs ( posted a swing gu chart analysis earlier )
i'll be taking most trades in confluence with my macro bias for dxy hence mostly playing longs on cry
USD (Dollar)This is a daily analysis you can go short keep your stoploss above the red candle and continue to 2 target given
the target is of 1% all the best Happy Earnings...
Short, Target 104.45 on Monday Short, Target 104.45 on Monday
Short, Target 104.45 on Monday .........................
USD 109.59, BUY CALL 110, 109.5USD may trap Puu holders, it may suddenly give a UP side move and may cross 109.5 soon, for 2 days time 111 again.
My personal view it is a buy call
US Dollar Index - are we ready for new all time high ?US Dollar index has recently completed his fall of wave 4 inside the bigger degree wave 3, and now possibly wave 5 has been started of bigger degree wave 3, Inside 5 it has completed wave 1 and wave 2 of 5, and possibly started to unfold smaller degree wave 1 of 3 of 5, now should retrace as wave 2
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