Technical analysis for trading/investing
Technical analysis for trading/investing
Currencies | DXY | Trend notes for 2021
Similar to the FXCM dollar index. The index is within its 3rd bearish wave of the bearish trend on the monthly and weekly chart.
The first target for the weekly bearish 3rd wave trend is at 1.272 FIB extension around 88.50 (the 2018 low), second target is 1.618 FIB at 86.05!
The first target for the 3rd bearish wave of the monthly bearish trend is 1.272 FIB around 80.40, second target is 1.618 FIB around 76.50!
Monthly chart:
Weekly chart:
The DXY index is painting a different picture than the FXCM dollar index. The DXY…
The dollar started a new bearish trend and we are within the 3rd wave on…
Looking at the monthly chart, we can see that the index is in consolidation in…
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