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US Dollar Index

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Dollar to plunge & weaken in the long term?This is a long term analysis on TVC:DXY . Dollar has a strong supply area around 98. As long as 103 isn't crossed, we can expect lower levels of 80 soon. Considering global macro factors, this is a strong possibility. The rub off of this would be huge on other linked currencies. One can keep a watch on this in coming months. Disclaimer : This is a long term view, not a trade idea for you to execute. Trade at your own risk and consult your financial advisors.
TVC:DXYShort
by AlphaBulls
1
Range bound with bullish biasDXY is stuck in range 95.5-96.7 although making bullish structure and a possible inverted head and shoulder pattern with depth of 4 points eventually, if triggered, breaking the range for 100. the trendline already faked out once could still act as a support for last time. Key levels 96.295 close above it means smaller range breakout then range shifts upward with base 95.956 96.789-96.938 supply created recently overall dollar will gain in currency pairs in short to mid term
INDEX:DXYLong
by PraffulAgarwal