DXY USD Index Weekly Speculations with CoronaVirus Effects
Updated
Hi
as we can see, there are some support areas, where there are chances of trend reversal or some retracments,
but what is clear here, is the price had broken the bullish trend and now making a new low, since a very long time. and it has the absolute potential to break more down, as Coronaviros gets more epidemic in USA. so the dollar will get effect, as wall-street as well as Nasdaq got influence.
the second scenario is that, if Coronavisus gets controlled so the News effect may reverse the dollar strength, and the price may change the entire trend, and goes bullish ...
please write your ideas in the comment section.
regards.
as we can see, there are some support areas, where there are chances of trend reversal or some retracments,
but what is clear here, is the price had broken the bullish trend and now making a new low, since a very long time. and it has the absolute potential to break more down, as Coronaviros gets more epidemic in USA. so the dollar will get effect, as wall-street as well as Nasdaq got influence.
the second scenario is that, if Coronavisus gets controlled so the News effect may reverse the dollar strength, and the price may change the entire trend, and goes bullish ...
please write your ideas in the comment section.
regards.
Trade closed: target reached
we got in to our targetnow time to reconsider this
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