I am bullish on the US Dollar / DXY
why?
Technical:
- Retraced back to equal low
- Equal Low makes a Divergence
- Divergence everywhere Daily, Weekly
Target:
Retrace back to 96, 96, if DXY manages to break 96, we will see DXY over 100, eventually it gets to 105
Fundamental:
- Everyone expected negative news about US Dollars
- CPI results came out better than expected, 0.1% change from expection (which is not negative)
- US is not the only country that has printed in Pandemic, printing occured worldwide
(statement about USA printing not valid) every country printed*)
- US unemployment rate declining / decreasing
why?
Technical:
- Retraced back to equal low
- Equal Low makes a Divergence
- Divergence everywhere Daily, Weekly
Target:
Retrace back to 96, 96, if DXY manages to break 96, we will see DXY over 100, eventually it gets to 105
Fundamental:
- Everyone expected negative news about US Dollars
- CPI results came out better than expected, 0.1% change from expection (which is not negative)
- US is not the only country that has printed in Pandemic, printing occured worldwide
(statement about USA printing not valid) every country printed*)
- US unemployment rate declining / decreasing