Overview of my DXY sell idea. I have been following this for a longtime but i've decided to share it. Technically my chart explains itself, but fundamentally the US economy is in a very bad shape, increased government borrowing and on the brink of a debt default, inflation, war, all this is affecting the US which hasn't fully recovered from the coronavirus outbreak.
Fundamental: Recent NFP 150,000 from previous of 336,000.
Increased government borrowing
Thanks for reading my analysis.
Comment below if you think we will see continued downtrend on the Dollar.
Disclaimer: This analysis is only made on speculation and are solely the views of the analyst, there is no guarantee the analysis will play out. Do your own research before taking a trade.
Fundamental: Recent NFP 150,000 from previous of 336,000.
Increased government borrowing
Thanks for reading my analysis.
Comment below if you think we will see continued downtrend on the Dollar.
Disclaimer: This analysis is only made on speculation and are solely the views of the analyst, there is no guarantee the analysis will play out. Do your own research before taking a trade.
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