Taking the contrarian view. DXY DOLLAR ready for 96.54
With strong economic data, and Italy now having entered a technical recession, I can see the DOLLAR ready to make a big move to the upside.
The target is 96.5.
Another reason for DXY to meet this target is due to a gap that hasn't been filled yet. The MACD has suggested that the last sell off has been exhausted, and the bullish impulse is ready to take over.
We have also closed a 4 hour candle for the FIRST TIME since DXY has been in this hell channel.
The target is 96.5.
Another reason for DXY to meet this target is due to a gap that hasn't been filled yet. The MACD has suggested that the last sell off has been exhausted, and the bullish impulse is ready to take over.
We have also closed a 4 hour candle for the FIRST TIME since DXY has been in this hell channel.
Note
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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.