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chestephens1

DXY to confirm BEARISH trend next week (4/8)

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chestephens1  
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Trend Analysis DXY recession short Coronavirus (COVID-19)
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trendanalysis dxy recession short coronavirus
DXY had a lot of resistance @ 99.70 early in the week at the end of Q1. It surpassed and is having some new resistance levels @ 100.86. I expect DXY to rally up to 101.04 or slightly higher and retrace to further confirm a weak dollar and true begin of the decline of the DXY to lower low levels of 97.88.

MA 50/20 to confirm bearish on 4HR

MA 20/50 on the daily but riding CLOSELY

More to come/ update date next week!

#recession2020
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