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Currency - Pressing the DXY - U.S. Dollar long trade
Currency Update
Volume 6, Issue 2
January 26, 2022
Items of Interest:
We are once again sending this to all clients as a bullish U.S. Dollar may impact their areas being traded. The second weekly chart below shows the weekly view of the DXY and the bullish technical pattern unfolding. We also include our previous note for reference. Happy to help with other crosses that may be of interest.
Using our Money Flow Unit (MFU) analysis, we get an initial at 98.05, which is close to the target generated with another system we use. The MFU-4 target of 100.90 comes into play once we get a two-week close above 98.05.
