Recently, the DXY has continued to show a downward trend ⬇️. (signals)
Although it broke through the psychological barrier of 100 points the week before last, according to the data on April 20, the ICE DXY fell from 99.64 points at the beginning of the week to 99.38 points in the recent week. Some people believe that from the credit perspective, the DXY’s fall below 100 points is the result of cracks in the “broad – sense national credit” of the United States, which is coupled with the internal drivers of the recent market performance of US stocks and US bonds . From the supply – demand perspective, the dislocation between “manufacturing reshoring” and a “strong US dollar” also implies that the US dollar’s credit is facing deeper – seated challenges .
In operation, focus on the 100 – 101 resistance area above. Continue to wait for a rebound to go short ⏬.
Trading Strategy:
Sell@101-100
TP:99-98
The signals last week resulted in continuous profits 🤑, and accurate signals were shared daily.
signals