mangang24

Price of US Dollar Index - Medium Term

TVC:DXY   Indeks Mata Wang Dolar A.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.
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