DXY UPDATE For Weekly forecast 20th - 25th Jan 2020
- DXY Hit my First target and has done a healthy pullback after trump speech to my buy zone at 97.4.
- Eye on Dollar index as high risk as its moving positively with pairs it usually moves negative with, will not be using as confluence for other USD pairs.
All Analysis was sent on sunday!
DXY Weekly forecast 20th - 25th Jan 2020
- Dollar index has not been showing much movement but did do a minor pullback as expected.
- During the beginning of the year markets are usually in a corrective structure so this type of movement is expected.
- After the first quarter it will be much clearer as to what continuations of the markets will be over the year....
Same as the NDX and SPX also the DJI is overpriced and expecting a correction.
We start with a small one only on the last movement and then for a bigger one.
RSI is negative and we already started the negative move to mid wing.