[USDX] Keeping Long 2019 0124

U.S. dollar index four-hour chart, source:FXstreet.com

cf. < [USDX] Turning to Dove 2019 0107

The economy outlook in the year has warned the global recession. International Monetary Fund, IMF adjusted its world economy growth in the year to 3.5 percent which was lowered 0.2 percent point from the expectation three months ago. And Christine Lagarde, IMF Managing Director warned the global recession at World Economy Forum, or Davos Forum.

The possibility of recession makes world investors to be more interested in safety asset such as gold, Japanese Yen and greenback. And economists  goldilocks in U.S. economy is over, economists

In the four-hour chart, dollar index keeps its upward trend and moves in bollinger bands. It's not hard to look at the chart with long bias, and though it may fall it will rebound at bottom band. Of course, there is always a possibility of plunging below the band.

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