Possible direction of the dollar index(DXY) in the long term
-- Caution: I do not believe in trading. Not only do I find it useless, but I strongly urge you not to lose your capital in the trading game. This war has only one winner and that is not you as retail traders. What causes capital growth in financial markets is the focus on investment, persistence in it and the use of compound interest. So, what I am giving you on this page will help you invest and trade in the right markets. At the same time, financial markets are full of risks. If you like gambling, the best place for you is the casino.
As the picture on the monthly/weekly time frame shows, the dollar index is likely to rise, the initial target is the red area. Considering the likely upward movement of this index, pay special attention to the instruments that are against this index, such as stocks, metals, oil, etc.
-- Caution: I do not believe in trading. Not only do I find it useless, but I strongly urge you not to lose your capital in the trading game. This war has only one winner and that is not you as retail traders. What causes capital growth in financial markets is the focus on investment, persistence in it and the use of compound interest. So, what I am giving you on this page will help you invest and trade in the right markets. At the same time, financial markets are full of risks. If you like gambling, the best place for you is the casino.
As the picture on the monthly/weekly time frame shows, the dollar index is likely to rise, the initial target is the red area. Considering the likely upward movement of this index, pay special attention to the instruments that are against this index, such as stocks, metals, oil, etc.
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