My analysis for the DXY (US Dollar Index) suggests a buy entry at 103.000 with target points at 104.000 and 104.509.
For a stronger confirmation of this buy setup, here are a few things to consider:
1. Support Levels: Make sure that 103.000 holds as a solid support level. If DXY retraces near this level and shows a strong bounce, it can confirm the buy signal.
2. Technical Indicators: Check for bullish signals from indicators like RSI, MACD, or Moving Averages to support the upward momentum.
3. Market Conditions: Monitor economic data or events, such as US employment reports, inflation data, or interest rate announcements, as these can significantly impact DXY.
4. Risk Management: Set a stop loss just below 103.000 (or another key support level) to limit risk if the market doesn't move in your favor.
This setup looks viable for traders anticipating further strengthening of the US Dollar.
For a stronger confirmation of this buy setup, here are a few things to consider:
1. Support Levels: Make sure that 103.000 holds as a solid support level. If DXY retraces near this level and shows a strong bounce, it can confirm the buy signal.
2. Technical Indicators: Check for bullish signals from indicators like RSI, MACD, or Moving Averages to support the upward momentum.
3. Market Conditions: Monitor economic data or events, such as US employment reports, inflation data, or interest rate announcements, as these can significantly impact DXY.
4. Risk Management: Set a stop loss just below 103.000 (or another key support level) to limit risk if the market doesn't move in your favor.
This setup looks viable for traders anticipating further strengthening of the US Dollar.
Trade active
buy entry at 103.000 with target points at 104.000 and 104.509.Note
profit runing start 80 pips keep hold in buy 
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t.me/Gold_Analysis_Experiment
Join my telegram channel:
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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.