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U.S. Dollar Index
Short

DXY Weekly Chart: "The Bull-trap Breakout"

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The US Dollar Index is currently positioned at the top of its trading range, which has been in play since 2023 on the weekly timeframe. This presents a solid bearish setup, as the index is likely to reverse and trade back into the range.

This trade idea has been in play since September of 2024 when we were still trading at the BOTTOM of the range
trader9224
daytradingDXYForexfuturesfuturestradingSupply and DemandSupport and ResistanceDJ FXCM Index

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daytradingDXYForexfuturesfuturestradingSupply and DemandSupport and ResistanceDJ FXCM Index
trader9224

Related publications

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.