DXY Strength for 2020/ 2021

2020年10月2日

Hello traders, analysts.

Here is our take on the DXY - referring to the Dollar strength index - which relates to consumer confidence within the United states.

While our charts show less about how the fundamental side affects the setups - the purpose of our view is to show while yes;

The election
coronvirus - now affecting Trump directly.
Trade stalemate with China
US stimulus
Internal race division
as well as globalisation,
US intermediating new Middle east issues.

All of which hang in the balance - but can be used to solidify the position held.

We have our target for Long positions with long positions only - with take profit around 99 price level
for those trading short-term and intraday forex trading strategies, ofcourse sells are possible.
There is a lot of room for the Dollar Index to keep on rallying and will be into 2021 before we see a profit target hit.
There is nothing to prevent the Dollar Index from the bullish movements. So long as the higher highs are maintained [see purple boxes for reference].

The eyes - are sell targets
The eyes - are potential buy zones.
it depends on your outlook.

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10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
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we trade purely from naked charts, less indicators - remove the noise.

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Team Lupa