DXY > Is the Dollar Rally Over?
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Analysis of #DXY
is the dollar rally over? many been asking me this question?
if you measure the extension from the head and shoulder pattern it did hit the target, and now we are at tren line resistance, so yes maybe the rally is done for now and we can soon start to see a decline in the dollar index.
Right now we have no confirmation this is going to happen, but if the trend line resistance kick in and the trader started to take profits this definitely can revers from here, but as I said I do not have confirmation for this prediction to act on yet
if this setup provided me a confirmation i can start to look to buying EURUSD, or GBPUSD, and if the stock market stabilizes I can buy AUDUSD or NZDUSD whichever proved a reason to enter
Check today analysis below⠀
_____________________________________________________________________________⠀
-DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀
-⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You
Analysis of #DXY
is the dollar rally over? many been asking me this question?
if you measure the extension from the head and shoulder pattern it did hit the target, and now we are at tren line resistance, so yes maybe the rally is done for now and we can soon start to see a decline in the dollar index.
Right now we have no confirmation this is going to happen, but if the trend line resistance kick in and the trader started to take profits this definitely can revers from here, but as I said I do not have confirmation for this prediction to act on yet
if this setup provided me a confirmation i can start to look to buying EURUSD, or GBPUSD, and if the stock market stabilizes I can buy AUDUSD or NZDUSD whichever proved a reason to enter
Check today analysis below⠀
_____________________________________________________________________________⠀
-DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀
-⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You
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