DXY 2021 Call
The next coupe of weeks will tell the story for the rest of the year.
Solid bounce and 3 waves putting in a marked low. The correction/pullback here will tell the story.
Fib retace support 50% & 61.8% along with trendline and most likely 50dma will come close to lining up soon.
If these hold it will be up for few more months and potentially build a nice base to move higher.
If the 90.5 - 91 area doesn't hold in April watch out below and new lows will be coming.
Solid bounce and 3 waves putting in a marked low. The correction/pullback here will tell the story.
Fib retace support 50% & 61.8% along with trendline and most likely 50dma will come close to lining up soon.
If these hold it will be up for few more months and potentially build a nice base to move higher.
If the 90.5 - 91 area doesn't hold in April watch out below and new lows will be coming.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.