DXY D1 - Short Signal

DXY D1

As previously noted, the DXY currently holds primary relevance within the FX markets, with its correlation not currently synchronizing with movements in US stocks or commodities. For instance, while US stocks are showing signs of decline, the DXY is also on a downward trajectory.

In these conditions, we approach our trading endeavours with vigilance, yearning for a touch of clarity or a robust trending correction, which stands in stark contrast to the scenario witnessed just last week.