DXY/Dollar Index Analysis For New Week 9.2.2018 {NFP WEEK}
So here with the DXY (dollar) we have obviously seen very bullish movement. The dollar is very strong, I do not care what anybody says. The dollar is not weak.
That being said, I am still bullish with the dollar overall this week as we also seen a nice doji & rejection right off our zone this week. A lot of false movement for those who trade the dollar on smaller time frame to get more bears in the market, as on a smaller time frame the trend was broken. Many trades look to go bearish once that happens, but people never factor in the manipulation of the markets.
So, I am still bullish on the dollar, but obviously Friday with it being NFP week, the dollar could fall down so we will have to see what happens then. Overall, like I said, I am still bullish until otherwise. If NFP even breaks our zone/trend line, I still think it will be more or so manipulation to get bears in the market and then we will continue back upside.
That being said, I am still bullish with the dollar overall this week as we also seen a nice doji & rejection right off our zone this week. A lot of false movement for those who trade the dollar on smaller time frame to get more bears in the market, as on a smaller time frame the trend was broken. Many trades look to go bearish once that happens, but people never factor in the manipulation of the markets.
So, I am still bullish on the dollar, but obviously Friday with it being NFP week, the dollar could fall down so we will have to see what happens then. Overall, like I said, I am still bullish until otherwise. If NFP even breaks our zone/trend line, I still think it will be more or so manipulation to get bears in the market and then we will continue back upside.