Hello Traders!
As we can see price recently printed a down closed candle an we got a dynamic move away from it.
Price has also broken a swing high, which signifies to me we are bullish.
I do not think smart money wants to short the dollar yet.
Nor do i think a decline to the DXY is going to occur any time soon.
Within other countries I can see people investing into US Fiat Currency rather their own currency right now.
The dollar has progressed over many other fiat currencies while central banks are looking to stabilize prices and inflation within their respective countries.
As we can see price recently printed a down closed candle an we got a dynamic move away from it.
Price has also broken a swing high, which signifies to me we are bullish.
I do not think smart money wants to short the dollar yet.
Nor do i think a decline to the DXY is going to occur any time soon.
Within other countries I can see people investing into US Fiat Currency rather their own currency right now.
The dollar has progressed over many other fiat currencies while central banks are looking to stabilize prices and inflation within their respective countries.
