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DXY Signal - 5th September 2022

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Signal Details
Entry Price: 
109.
Take Profit: 
114.264
Stop Loss: 
107.483
Direction: 
Buy
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The USD has been in an uptrend for months now as has the DXY, while retracing a little in the last few days it should find both resistance and the 50 MA around at 109. We anticipate a bounce from this point to continue its prevailing upwards trajectory to at least the last high, if not further.

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.