Hello Traders !
Nice moves on the DXY . Like predicted the price went massively up.
The question now is if we will see a big drop? Yes in my view. Also we got a nice weekly close.
We are now at a weekly resistance/supply area. From here I expect the price to drop . My target is the weekly support level .
... but ...
Why do we need to analyze the DXY?
Actually I like to have a look on the DXY because of the Correlation. So the DXY is nice to use when we are trading XAUUSD , EURUSD , AUDUSD , GBPUSD . Usually when the DXY goes up, the mentioned pairs will go down.
That was my Idea and I hope you did like it. Please leave a LIKE if you like my Content that I share with you. In the comment section you can tell my your view and ask questions.
Thank you and we will see next time
- Darius.
Nice moves on the DXY . Like predicted the price went massively up.
The question now is if we will see a big drop? Yes in my view. Also we got a nice weekly close.
We are now at a weekly resistance/supply area. From here I expect the price to drop . My target is the weekly support level .
... but ...
Why do we need to analyze the DXY?
Actually I like to have a look on the DXY because of the Correlation. So the DXY is nice to use when we are trading XAUUSD , EURUSD , AUDUSD , GBPUSD . Usually when the DXY goes up, the mentioned pairs will go down.
That was my Idea and I hope you did like it. Please leave a LIKE if you like my Content that I share with you. In the comment section you can tell my your view and ask questions.
Thank you and we will see next time
- Darius.
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linktr.ee/dariusfx
✔️Instagram: instagram.com/dariusfxtrading
✔️ Telegram(german): t.me/dariusfxtrading
✔️ Top Broker💯 my.roboforex.com/de/?a=skxb