The US Dollar Index (also known as DXY or USDX) measures the value of the US dollar against a basket of foreign currencies. Therefore, it provides us with an insight into whether the dollar is strengthening or weakening compared to other major currencies. This index has a positive correlation with currency pairs where the dollar is the base currency. Conversely,...
Hello Friends, here we had shared just an observation on correlation between NIFTY and DXY which are clearly showing opposite directional runs from last couple of months, also we are assuming the wave counts on both, which are suggesting same patterns ahead along with good support by this correlation, this increases good chances of winning probabilities of our...
Previously, DXY encountered a fail downside attempt. Upon reversing, I entered the trade when RMO indicator (RMO by Lazybear) turned green Stop loss : - Low of the Bar - (Range of the bar) The index was initially supported by Kijun Sen but later it gave in. Lower Time frame DMI was also choppy. But, I stayed in trade as it didnot hit the SL I took out the profit...
Have a look to the close correlation between NIFTY and DXY
TVC:DXY just gave a breakdown. On can attempt for any kind of long position, only near 96-94 zone.
DXY exhausted right now, after pullback expecting a sharp rally toward the 100 mark