DXY Analysis. Bullish dollar
Обновлено
Hello everyone i want share my idea about Dollar index.
From the beginning of the year dollar changed trend from bearish to bullish which is absolutely logical and still we are uptrend, in this year everyone waiting for cut rates which will positive for dollar and this 6 month upside movement is signal, the trend will be bullish next six month.
At the moment we see some correction of dollar index which is the best tool to understand what will happen to dollar pairs ( not to USDJPY pair, JPY is in trouble, the price moves different) i used support and resistance zones at higher timeframe to understand where the correction will end, then i used fibonacci tool and scenes what will happen when price will come at the point.
I am bullish at dollar for that i am waiting my first and second scene which is bullish movement but if i will be wrong i have prepared third scene which will cover my loses.
IF I AM WRONG I WILL ACCEPT IT AND FOLLOW TO PRICE ACTION!
ALWAYS MAK YOUR OWN RESERACH!
I WILL UPDATE THIS IDEA EVERY WEEK.
From the beginning of the year dollar changed trend from bearish to bullish which is absolutely logical and still we are uptrend, in this year everyone waiting for cut rates which will positive for dollar and this 6 month upside movement is signal, the trend will be bullish next six month.
At the moment we see some correction of dollar index which is the best tool to understand what will happen to dollar pairs ( not to USDJPY pair, JPY is in trouble, the price moves different) i used support and resistance zones at higher timeframe to understand where the correction will end, then i used fibonacci tool and scenes what will happen when price will come at the point.
I am bullish at dollar for that i am waiting my first and second scene which is bullish movement but if i will be wrong i have prepared third scene which will cover my loses.
IF I AM WRONG I WILL ACCEPT IT AND FOLLOW TO PRICE ACTION!
ALWAYS MAK YOUR OWN RESERACH!
I WILL UPDATE THIS IDEA EVERY WEEK.
Заметка
we got rejection at daily support, which was at Fibonacci levels, if this movement will continue my analysis will be right at start of the month.Заметка
CPI DAY!!!! if we look at my chart first i was right it was going well but then it changed direction and came lower, i think dollar will show real trend and today will be low of this month and it will continue moving up, my prediction today Inflation rate is high but we will see in few hours what we will get.
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