DXY SHORT
The Dollar Index (DXY) shows that the dollar might have started a prolonged months long bear trend and it might not be just a dollar retracement as seen on the lower time frames. On the weekly the recent weeks of upsurge seems to have been a retest of resistance. With this in mind all trades with USD should be traded with this fact in mind.
Note
* All USD pairs should be traded bearing in mind that the USD might be in a significant bear trend now ... so USDCAD,USDMXN,USDJPY,USDCHF, USDSEK etc we should expect bear trends to become dominant. EURUSD, GBPUSD, Gold, Silver the long trends should become dominant. Please note all the various instruments INDEPENDENT confirmation analysis is needed before any trade is placed. The DXY is a clue, not a trading decision determinant.
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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.
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.