Dxy- Reversal looming
As I argued in the start of the year video, I expect a reversal from Usd pairs and a resumption to the long-term bearish trend (bullish DXY).
In Dxy's case, I draw attention to the important support that the index is trading in and, as we can see, so far this zone held.
Going further, as we can see from the posted chart, since mid-December, the index is trading in a range and we have a strong reversal 2 days ago.
Confirmation of reversal comes once the price is breaking above the upper boundary of the range at 104.50 and, in such an instance we can see a medium-term rise to 109 important resistance zone.
Sell pairs like EurUsd, GbpUsd, NzdUsd, and AudUsd can be a good trading strategy.
In Dxy's case, I draw attention to the important support that the index is trading in and, as we can see, so far this zone held.
Going further, as we can see from the posted chart, since mid-December, the index is trading in a range and we have a strong reversal 2 days ago.
Confirmation of reversal comes once the price is breaking above the upper boundary of the range at 104.50 and, in such an instance we can see a medium-term rise to 109 important resistance zone.
Sell pairs like EurUsd, GbpUsd, NzdUsd, and AudUsd can be a good trading strategy.
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t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
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