U.S. Dollar IndexEducation
US DOLLAR - IMPORTANT Top Down ANALYSIS!
Hi everyone,
This is my over simpified analysis of what theDXY is currently thinking about doing.
I do not like to get hyper specific and get obssesed with some numbers, I prefer to look at ranges and enter on strong candle confirmations.
Currently we are in a wide range on the larger time frames such as the weekly, which can take years to leave it.
On the daily we are bullish, with an expectiong of price finding its nest and start ranging or doing a pullback to our previous break of structure.
Remember that a StrongDXY means most forex pairs will be dropping that have DXY in their name.
If you have any questions please ask!
This is my over simpified analysis of what the
DXY is currently thinking about doing. I do not like to get hyper specific and get obssesed with some numbers, I prefer to look at ranges and enter on strong candle confirmations.
Currently we are in a wide range on the larger time frames such as the weekly, which can take years to leave it.
On the daily we are bullish, with an expectiong of price finding its nest and start ranging or doing a pullback to our previous break of structure.
Remember that a Strong
DXY means most forex pairs will be dropping that have DXY in their name.If you have any questions please ask!
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