USDOLLAR and DXY are used to forecast USD strenth/weakness, which can be used to trade USD pairs.
In our last few analysis for USDOLLAR and DXY, we managed to forecast correctly and took advantage of it by trading USD pairs such as GBPUSD.
We are now approaching an area of interest for both USDOLLAR and DXY.
USDOLLAR:
- Approaching weekly structure
- approaching channel resistance
DXY:
- Approaching -0.27 target fibonacci
- Approaching ascending wedge resistance
Both indicating that we may see weakness from USD very soon = USDXXX short and XXXUSD long.
See below for possible USD trades.
EURUSD
GBPUSD
AUDUSD
USDJPY
If you enjoyed this, do leave a comment and like the idea for more analysis!
In our last few analysis for USDOLLAR and DXY, we managed to forecast correctly and took advantage of it by trading USD pairs such as GBPUSD.
We are now approaching an area of interest for both USDOLLAR and DXY.
USDOLLAR:
- Approaching weekly structure
- approaching channel resistance
DXY:
- Approaching -0.27 target fibonacci
- Approaching ascending wedge resistance
Both indicating that we may see weakness from USD very soon = USDXXX short and XXXUSD long.
See below for possible USD trades.
EURUSD
GBPUSD
AUDUSD
USDJPY
If you enjoyed this, do leave a comment and like the idea for more analysis!
Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
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.
Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
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.