In my previous analysis of the DXY, I mentioned that the index might begin a correction after more than three months of upward movement and a 10% increase.
Yesterday, the market opened with a downside gap and broke below the rising trendline that had been supporting the price since the 100 mark. This suggests that 110 could now serve as a local top. As long as the price remains below this level, shorting the USD currency could present a viable trading opportunity.
I am currently looking for buying opportunities in currency pairs such as EUR/USD, GBP/USD, AUD/USD, and NZD/USD.
Yesterday, the market opened with a downside gap and broke below the rising trendline that had been supporting the price since the 100 mark. This suggests that 110 could now serve as a local top. As long as the price remains below this level, shorting the USD currency could present a viable trading opportunity.
I am currently looking for buying opportunities in currency pairs such as EUR/USD, GBP/USD, AUD/USD, and NZD/USD.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.