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mngFX

DXY, Reversal in the making

Long
U.S. Dollar Index (TVC:DXY)  
mngFX  
TVC:DXY   U.S. Dollar Index
Trend Analysis Multiple Time Frame Analysis Parallel Channel DXY dxylong dxyshort USD
5
1
trendanalysis mtfa parallelchannel dxy dxylong dxyshort usd
DXY has been tanking recently due to less then expected NFP news. We can see a trendline being respected since June 2021 which we are correctively moving down in a descending channel to indicate a potential reversal is coming.

Look for buy opportunities only if all your entry criteria is met.
Follow your trading plan.

Thanks
Trade Safe

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