Why Selling The Dollar Isn’t A Good Trade

TVC:DXY   美元指数
The US Dollar has been falling since the start of 2017, and even for most of January in 2018. Many banks are calling for a continue weakening in the US Dollar for the rest of 2018, riding on the down trend established since last year.

However, our analysis tells us otherwise. While we currently still do not have a fundamental catalyst to tilt the Dollar to the upside, we are seeing the downside for Dollar to be limited. In fact, there is a fair chance we will see a deep retracement, if not a reversal in the Dollar soon.

We are seeing a 5-wave completion on the Dollar, with a diagonal forming on the 4-hour chart. What we need is simply a catalyst or fundamental tilt to align our technical outlook.

Keeping a close watch on this next week.

*This is not a trade call to enter a long position on DXY . Make sure you have a proper plan to trade and manage your risk.
Nice setup
here's the monthly view as well ;)
+1 回复
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出