DXY: some info
Hi Guys,
I've been following this narrative since last year but did not expect DXY to be supported so strongly after US Mid Term Elections.
The ideas below provide same structures:
a) downtrend following Trump's election from 2017 to 2018;
b) pullback from 2018 to 2019 into Mid Term Election.
The problem? Well, DXY is struggling to climb above 0.618 Fibo beyond US Mid Term but at the same time is still supported by the recent low at 95,80.
If that support is breached we may see DXY weakening.
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
I've been following this narrative since last year but did not expect DXY to be supported so strongly after US Mid Term Elections.
The ideas below provide same structures:
a) downtrend following Trump's election from 2017 to 2018;
b) pullback from 2018 to 2019 into Mid Term Election.
The problem? Well, DXY is struggling to climb above 0.618 Fibo beyond US Mid Term but at the same time is still supported by the recent low at 95,80.
If that support is breached we may see DXY weakening.
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Related publications
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.