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DXY need to pullback a bit before dropping

250
DXY has broken so many support and now resting at Monthly S3 and very oversold in my opinion. FOMC is just hours away. I am looking for DXY to bounce to 97~98 area (at least) for a healthy pullback before continuing down. If you look at it against the Gold, you might be thinking that Gold should correct all the way down. But gold is not always inversely correlated with DXY.

Not
Maybe not. Even hawkish Fed's statement doesnt revive DXY. Maybe Trump is behind the helm all this while.
Not
Possible? DXY is overstreching and has been only one way direction down. Only breaking the neckline and retest it then it is good to short. R/R wise, I prefer long from here.
s3.amazonaws.com/tradingview/snapshots/i/IZwBSfu0.png
Not
92.91 now. DXY seems to have stabilizing.
Not
93.32 right now, Will assess in nearer TF when reached 95~96 area.
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It is struggling to go up.
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Looks like it is making double bottom!

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.