U.S. Dollar IndexShort
DXY US Dollar still showing weakness
Updated
Hi guys
As u can see on the daily chart , dollar still weak no upward momentum. We can see a strong bearish divergence between the chart and the oscillator. The first target is around 102-103 ( 103 was 2020 top and 102 is the 50% fib ) then if its break down and break the main trendline, next 🎯 will be around 96 -99 zone (96 is the 2021 top and 99 is the 61 fib ). So be careful guys do not buy dollar at the moment ( We have to wait minimum the first higher low or something like that )
take care guys
As u can see on the daily chart , dollar still weak no upward momentum. We can see a strong bearish divergence between the chart and the oscillator. The first target is around 102-103 ( 103 was 2020 top and 102 is the 50% fib ) then if its break down and break the main trendline, next 🎯 will be around 96 -99 zone (96 is the 2021 top and 99 is the 61 fib ). So be careful guys do not buy dollar at the moment ( We have to wait minimum the first higher low or something like that )
take care guys
Trade closed: target reached
First target doneNote
As I mentioned it couple of days ago dollar going down ....
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