hi traders as i can see a very simple view on Dxy chart
that the bullish move is still going to complete the given level
if we watch deeply in the chart the DXY holding a strong support zone with a strong data of CPI & NFP with FOMC meeting minutes then its an easy target for incoming days
Kindly share ur thoughts via comment session...
stay tuned for new updates
Last week, I expected the US Dollar Index (DXY) to decline to 106.011, a key area of interest, and then bounce. It did indeed bounce strongly, but faced resistance at 106.651. DXY needs to close above 106.651 on daily or 4-hour candles for its rally to continue. Once it does, we can expect DXY to target buy-side liquidity.
However, I would now prefer to see DXY...
Speculations with respect to technical analysis is seen that DXY has prospect of going bull,
$100 and $98 is seen as the nice entry for a bullish run,
TP @ $114
DISCLAIMERS
This is not a financial advice.
Trade with caution.
Use Proper Risk Management.
Martin I. Sylvester
Financial Market Analyst
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully...
