DXY/Dollor Analysis and Trade Idea 46th week 2022
DXY collapsed on CPI news and still heading to downward.
But a short term correction is expected.
So I think for next week before going further down it will test 107.200-107.300 zone and then move further down.
Dxy will continue it's bearish trend and will hit 104.28 by Friday which is a very strong support zone.
Further more Gold was bullish in last week and we are seeing a bullish relay in gold since 4th November it will also retrace sown and make a correction in price which is expected to 1740.00
Let's see how this week is going to be.
But a short term correction is expected.
So I think for next week before going further down it will test 107.200-107.300 zone and then move further down.
Dxy will continue it's bearish trend and will hit 104.28 by Friday which is a very strong support zone.
Further more Gold was bullish in last week and we are seeing a bullish relay in gold since 4th November it will also retrace sown and make a correction in price which is expected to 1740.00
Let's see how this week is going to be.
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