The US dollar index "DXY" has started a positive wave.
The US dollar index "DXY" has started a positive wave.
According to 200 days SMA, the neckline of this index is 105-106.
Breaking this zone can be the beginning of a new upward trend for this index.
A strong bullish #dxy could positively impact US equity markets, possibly negatively impact #xauusd (#gold).
of course, the buy signal will be the breakout of the mentioned resistance zone that is an important area of value.
According to 200 days SMA, the neckline of this index is 105-106.
Breaking this zone can be the beginning of a new upward trend for this index.
A strong bullish #dxy could positively impact US equity markets, possibly negatively impact #xauusd (#gold).
of course, the buy signal will be the breakout of the mentioned resistance zone that is an important area of value.
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