DXY roadmap to Q1 2021 ( Oct 2020)
First of all, it is not a trade idea or suggesting any Forex or metal assets pair trades. It is simply my small roadmap to review my study about DXY.
Secondly, DXY is hovering at the important points of the support, a break up the 94.x levels will push up DXY to higher to retest 95 97.x. However I consider that we are at the bearish flag of the DXY. From the fundamental viewpoints, there are still two sides of analysis, one for bullish DXY and one for bearish DXY in the upcoming Quater.
In brief, I would like to see the DXY roadmap it will hovering this level and still under the resistance of 94.x , then it will continue to go down to the Fibs extension to 88 or even 85.x to complete its bearish cycle, and it will set up the new pullback from the second Q2 2021.
Secondly, DXY is hovering at the important points of the support, a break up the 94.x levels will push up DXY to higher to retest 95 97.x. However I consider that we are at the bearish flag of the DXY. From the fundamental viewpoints, there are still two sides of analysis, one for bullish DXY and one for bearish DXY in the upcoming Quater.
In brief, I would like to see the DXY roadmap it will hovering this level and still under the resistance of 94.x , then it will continue to go down to the Fibs extension to 88 or even 85.x to complete its bearish cycle, and it will set up the new pullback from the second Q2 2021.
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