U.S. Dollar IndexUpdated DXY Rejecting, Could turn bearish soon.
My last analysis on the DXY was hinting at Bullish action. It didn't officially turn bullish but with recent price action, price is looking to turn bearish.
Here's what I'll be looking for.
1. Will it break the trendline.
2. Will it break the 89.5 Level.
If these things happen the DXY will turn bearish.
Bearish DXY means
BUllish XAU/USD
Bearish USD/JPY
I will continue to update this this week.
Here's what I'll be looking for.
1. Will it break the trendline.
2. Will it break the 89.5 Level.
If these things happen the DXY will turn bearish.
Bearish DXY means
BUllish XAU/USD
Bearish USD/JPY
I will continue to update this this week.
Note
DXY knocking on the resistance. Well's see what happen.Trade closed: target reached
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.