mangang24

Price of US Dollar Index - Medium Term

TVC:DXY   Indice devise Dollar U.S.
US Dollar due to inflation and other economic and social issue has indeed been a reason for the bearish momentum for the US Dollar. Expect price to reach bottom support Zone with a couple of retracements as shown in analysis. Price will show a triple bottom and double top (M formation), prediction is this will complete towards end of August/Early September. What is this also means is that currency pairs like GBP/USD, USD/CAD, USD/CHF, XAU/USD and so far will reflect in the overall direction of US Dollar. Need to keep that in not. Ex: If Dollar index is going down, expect CAD to be going up. Do not position yourself against the trend.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.