DXY US Dollar still showing weakness
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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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.