Traders, Dollar has been finding its footing in the market. 2021 is expected to be bullish for the dollar with ups and and downs obviously. In this analysis of DXY lets see what levels and FCP (Fibonacci Confluence Zones) are important for the dollar. Even if you are not trading dollar you must watch this analysis so as to get an idea on how it can impact other asset classes because everything that you trade is directly or indirectly dependent on the dollar.
Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too
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Take care and trade well -Vik
____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
Not sure how 2021 fundamentally can be bullish for the DX...but lets see. Of course nothing go straight down or up and maybe thats all we are looking if we can swing tightly.
vikinsa
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@cranvivid, yes of course nothing goes or down in straight line. But markets have weird way of surprising its participants. Whilst majority think bearish on DXY, in my opinion they are in for a surprise. This may also lead to stock market correction which already has started a bit as DXY moved up.
ConConMcG
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Big thumbs up and thanks Vik - very interesting setup on the DXY (03:37) with many possibilities of M + W patterns. Some key levels breaking below midpoint of M-pattern at 90 or going above 90.9 midpoint of W-pattern :-)
vikinsa
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@conormcgurk1, Thanks Comor. Yes indeed it is going to be very interesting very soon.