DXY / W / Corrective wave Starting
Aggiornato
Price hit a major big support zone lower. Hence a big impulsive move up so much likely. Currently price is close to a supply zone start of a corrective wave of the big impulsive wave is likely. Yet In my opinion the the implusive move is more powerful than the upcoming corrective wave.
Buying dips is possible.
DXY is a weighted geometric mean of the dollar's value relative to following select currencies:
Euro (EUR), 57.6% weight
Japanese yen (JPY) 13.6% weight
Pound sterling (GBP), 11.9% weight
Canadian dollar (CAD), 9.1% weight
Swedish krona (SEK), 4.2% weight
Swiss franc (CHF) 3.6% weight
en.wikipedia.org/wiki/U.S._Dollar_Index
Half of DXY weight is of Euro. Make use of the situation possible strong long on EURO pairs across the board IMO.
Fundamentally and Geopolitics considered
Trump made peace with KIM good for USD?
FED is rising rates good for USD soon?
EURO implying of posting tax on America bad? or good for EURO? soon?
Trade with care..
Buying dips is possible.
DXY is a weighted geometric mean of the dollar's value relative to following select currencies:
Euro (EUR), 57.6% weight
Japanese yen (JPY) 13.6% weight
Pound sterling (GBP), 11.9% weight
Canadian dollar (CAD), 9.1% weight
Swedish krona (SEK), 4.2% weight
Swiss franc (CHF) 3.6% weight
en.wikipedia.org/wiki/U.S._Dollar_Index
Half of DXY weight is of Euro. Make use of the situation possible strong long on EURO pairs across the board IMO.
Fundamentally and Geopolitics considered
Trump made peace with KIM good for USD?
FED is rising rates good for USD soon?
EURO implying of posting tax on America bad? or good for EURO? soon?
Trade with care..
Nota
Brexit concerns on EURO?Nota
DXY ??? Nota
DXY slightly bullish Nota
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