This is the main factor why all pairs of XXX/USD are currently falling. The supply zone has not been touched (May "17), the possibility of "Advance GDP q/q" will deliver the DXY to the supply zone. If you trade XXX/USD, make the DXY a reference.
TAYOR
TAYOR
Note
High probabilityNote
Note
In the meantime, we can take advantage of retracement (short sell) and then buy long. That means, XXX/USD will go up temporarily (not yet reversal).Note
Thus, currently DXY is still in wave 4 on H4, the same thing in the pair XXX/USD and USD/XXX.
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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.