U.S. Dollar IndexShort
DXY FLY OR FALL?
Price Action (Technical Analysis): I don't like to over complicate analyzing any pair or currency so here we have the Dollar rallied up to an interesting area to begin reversing and possibly breaking below our ascending channel. Price can very well progress to faking out retail traders and push up higher into our resistance zone.
Fundamental Analysis: We mostly saw damage being done in Currency Pairs that didn't involve just the Dollar's value. Cutting Rates dumped the Greenbacks in Major Pairs such as USDJPY.
Fundamental Analysis: We mostly saw damage being done in Currency Pairs that didn't involve just the Dollar's value. Cutting Rates dumped the Greenbacks in Major Pairs such as USDJPY.
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.