Sagefx

DOLLAR INDEX - DXY - short term bullish momentum

Short
TVC:DXY   Indice devise Dollar U.S.
I think the dollar will stay strong this week atleast until NFP on friday. As we all know, news is just an excuse to change price direction so I am sticking with basic technicals and have drawn a trendline channel that DXY is current trading within. Theres a trend line resistance around 97.05 for the dollar index which is +100 pips from its current price at 96.02. This 100 pip move is equivalent to about 150-200 pips move in currencies so these big moves are either gonna happen before NFP or during NFP, either way I am bearish on the dollar in the coming 1-2 months. Just my opinion.
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.