Complete Dollar (DXY) Top Down Analysis =Where Is It Headed Now?

Traders and Investors,

Dollar has been on a run again and it is moving towards our multi year target of 113 which we predicted nearly 2 years ago. Although it completed a W pattern and was inside an FCP zone, it did not have a substantial correction. On smaller time frames, it showed a little retaracement but that was not enough. The strength in dollar is taking it to our next multi year target of 113 zone. This zone again will have potential to push the price down or at least sow it a bit. After that we will have 116 as a new intermediate resistance followed by 127 zone.

In this DXY (Dollar) technical analysis we will study few scenarios which can help in understanding what is about to come next few days/weeks.

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-Vik

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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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