blacklegend55

πŸ“ˆπŸ’ͺ DXY at Support: Bullish Path to 106 & 112 Targets πŸŽ―πŸš€

Long
TVC:DXY   U.S. Dollar Index
It seems like traders and investors are showing a preference for holding cash, as precious metal prices, cryptocurrencies, and the US30 are all experiencing major resistance. This could suggest a lack of confidence in the current market conditions. However, on a positive note, the DXY and UUP have managed to find support on the 3-weekly chart, indicating that some investors are still bullish on the US dollar.

UUP 3 weekly finds support:


Target 1: 106
Target 2: 112

Again, the kingdom of heaven is like a merchant looking for fine pearls. When he found one of great value, he went away and sold everything he had and bought it.
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.