Get started

Dxyintraday

Analyzing DXY's Recent Performance and Future Prospects in ForexLast week, I expected the US Dollar Index (DXY) to decline to 106.011, a key area of interest, and then bounce. It did indeed bounce strongly, but faced resistance at 106.651. DXY needs to close above 106.651 on daily or 4-hour candles for its rally to continue. Once it does, we can expect DXY to target buy-side liquidity. However, I would now prefer to see DXY absorb sell-side liquidity today or tomorrow before resuming its upward movement. In the meantime, while DXY consolidates, I believe there may be good opportunities in minor or exotic currency pairs. So, keep an eye on those. #forextraders #forextrading ##DXY #marketanalysis
TVC:DXYLong
by Crypto_Byte9
Happy Thanksgiving!Thank you for your support and for sharing your ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:DXY
by cozzamara
1