US dollar: buy position at a new 14-month high
The major bullish index has climbed 0.03 to 1.72 over the past week.
Jul 25, 2021
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The bulls are strengthening their position on the US dollar, the index of major players has risen over the last week by 0.03 to 1.72.
The COT report on the USDX index shows an increase in bullish positions in the US dollar. Large traders have been increasing their net position for the growth of USD for the third week already, at the same time, over the last month, hedgers have also increased their positions. Moreover, the net position peaked over the past 14 months. Large funds have strengthened their long positions in the dollar by 5% over the week. This trend, if it continues, is likely to lead to an increase in the US dollar against other currencies.
This is the right time to open your long position in USDX. Choose a reliable broker and capitalize on the upcoming bull trend.
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