US Dollar Index
Long
Aggiornato

DXY Long

Dollar index will most likely go up over the next few weeks from a technical prospective. Bouncing off from support level.

From Fundamental side, some offshore investments will likely be pulled back to U.S. and borrowing to be done with U.S. banks due to perceived lower interest rate + safer environment.

Converting foreign currency to USD to purchase U.S. stocks will increase USD strength too.

Stoploss just below the support level. if stopped out monitor for re-entry opportunities.

Good luck
Trade attivo
Move stop to breakeven
Nota
103.890 is good take profit level
Nota
Price movement stopped. time to take some profit, half or quarter.
Trade chiuso: obiettivo raggiunto
partial close
Nota
near target
Trade chiuso: obiettivo raggiunto
Trade closed, target reached.

Declinazione di responsabilità