DXY strength - with the trendline intact

Hello traders and analysts,

We have just purchased a position in our investment allocation to get some nice exposure to offset the portfolio.
You can buy either on brokers the DXY or investment fund version, less leverage but safer protection for capital

Note: price can break down to 95, but if this does - re-entry will be more prominent for longs

Below is the COT data provided
Avg_13 20,233 10,666 30,899 65% 35%
Avg_20 20,926 11,028 31,954 65% 35%
AVG 50 31,749 11,819 43,569 72% 29%

Technicals:
All time high S&P, NAS and US30 - looking to create double top
V-shaped correction shows pure strength and no pullbacks
retrace shows slow accumulation from 2011 - 2019 so alot of growth broke down.

Fundamentals:
USD stimulus package has not been agreed so can show signs of strength of GBP if this fails to transpire.
Failure to lockdown the country and social distance.
Vaccination attempts to drive market sentiment. - pump and dump for stocks who claim to have breakthroughs.
USD safehaven upon tensions between HK move on China vs USA debate.
USA - cases in multiple states are high risk, the disconnect is unbelievable.
twitter hack will affect tech stocks and S&P for privacy laws.
election taking place in november.

Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.

If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.

Thanks,
Team Lupa
dxyindexdxylongEconomic CyclesfinanceeducationFractalimbalanceslupacapitalpartnersS&P 500 (SPX500)Supply and DemandUSD

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