Alex’s Marco Update

By Alex February 22, 2021

Hello Traders and Welcome! My name is Alex, Lead Forex and CryptoCurrency Analyst at TradingAnalysis.com. This week I would like to update you on our outlook in the US Dollar Index, DXY. We are currently tracking the endings of a decline that originated in March of 2020, when economic conditions and the global coronavirus pandemic sparked significant weakness in the dollar. With this analysis in mind and downside support on the horizon, we expect a counter-trend corrective reversal higher to begin soon. Tune in as I walk you through the charts and associated Fibonacci measurements.

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