SIGNAL TERMINATED – DOLLARINDEX SHORT – TAKE PROFIT
Due to tomorrow’s FED meeting and other economic statements, the CAs are closing an analysis published on November 9, 2020 on the decline in the price of DollarIndex with a return of about 20% on investment.
ORIGINAL TEXT: DollarIndex Short. The almost zero interest rate in the US puts the US dollar under constant pressure. Last year, the FED cut a total of three base interest rate cuts, and this year, due to the Covid crisis, it cuts further to the current range of 0 to 0.25%. The Democrats’ victory could weaken the dollar slightly further. Technically, the market is in a slight downward trend, in the medium term it is supported by a wide trading range, which could break through.
Chart source: WebTrader