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U.S. Dollar Index
Long
Updated

DXY FORECAST

127
MARKET PHASE
  • DXY is in a weekly uptrend with a daily timeframe corrective structure taking place.


AREA OF VALUE
  • We can expect a buildup of liquidity (sell stops, shorts, stop losses) below the Feb 20, 2024 daily swing low. On the 4H timeframe, we are already seeing buying pressure taking place below the Feb 20, 2024 daily swing low.


TRADE
  • Wait for a violent break and close above the Feb 21, 2024 daily swing high and a pullback into the liquidity zone before going long.
Note
Price has not broken above 104.21 and has been ranging since the break below 103.797 on Feb 21. NO TRADE
Mankz
Chart PatternsDXYdxyindexdxylongTrend Analysis

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.
Chart PatternsDXYdxyindexdxylongTrend Analysis
Mankz

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.