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Friday, August 06, 2021

dxy still bearish

dxy still bearish

market sold bonds and stocks simultaneously today, this is unlikely to continue

we still have lot of bearish momentum to come until mid of september

we saw a spike of the old momentum we are coming out of, we see that regularly in forex and this is typically at a turning point before developing new momentum, new momentum will be downside as mentioned before

we stopped at trend resiatance, horizontal resiatance, oscillators show maximum, this is it, top of the month is in.



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