DXY in a Short-Term Bullish Rally
DXY started reacting after a few days in a clear downtrend.
Overall, USD was weak but not for obvious reasons as the economic calendar was empty.
It all ties to the war but again the moves had no real reason in my opinion.
DXY started to rise above a bullish reversal pattern that is happening today, increasing the chances of a short-term bullish rally.
We will deal with Trump's comments before the real move happens.
I am waiting for a move to 98.50 and 98.80 for now.
You can find more details on the chart.
Thank you and good luck! 🍀
⚠️PS: Do your own analysis and use your own strategy to join the trade.
❤️ If this analysis helps your trading day, please support it with a like or comment ❤️
DXY started reacting after a few days in a clear downtrend.
Overall, USD was weak but not for obvious reasons as the economic calendar was empty.
It all ties to the war but again the moves had no real reason in my opinion.
DXY started to rise above a bullish reversal pattern that is happening today, increasing the chances of a short-term bullish rally.
We will deal with Trump's comments before the real move happens.
I am waiting for a move to 98.50 and 98.80 for now.
You can find more details on the chart.
Thank you and good luck! 🍀
⚠️PS: Do your own analysis and use your own strategy to join the trade.
❤️ If this analysis helps your trading day, please support it with a like or comment ❤️
Trade active
DXY created a new low on Friday at 97.65 as Iran announced the opening of the Strait of Hormuz.
Surprisingly, the move was easily erased for a reason that is now clear.
Today, from Trump's comments, it seems like they could start the war again despite the talks that will take place tomorrow in Pakistan.
DXY is well positioned one more time and looks like that Trump can push it up more during the coming week.
✅DXY can reach 98.5; 98.80 and probably 99.15
Trade closed: target reached
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✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
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.