DXY Idea
Gday Guys.
Let's check DXY (US Dollar Index)
Normally i will use DXY to identify and Forex Pair related US Dollar. From here, we able to see where the next directions of any US dollar related pair.
Let check what i see in Hourly perspective. Currently, this pair was stuck between SNR. If the pair Solid break the Supply Zone, this mean US Dollar getting stronger and following our previous projection was posted.
Personally, high probability US Dollar getting stronger even recent NFP result showing negative. But yet, by understand human behavior towards market direction specially the market mover fundamental result can be override with single sentiment or actions.
If the DXY solid break Demand Zone, the price will move further down to complete the Major Demand Zone before changing direction. Remember, US will not allow their citizen and economy suffering.
Let's wait and see what happen next.. Cheers
Let's check DXY (US Dollar Index)
Normally i will use DXY to identify and Forex Pair related US Dollar. From here, we able to see where the next directions of any US dollar related pair.
Let check what i see in Hourly perspective. Currently, this pair was stuck between SNR. If the pair Solid break the Supply Zone, this mean US Dollar getting stronger and following our previous projection was posted.
Personally, high probability US Dollar getting stronger even recent NFP result showing negative. But yet, by understand human behavior towards market direction specially the market mover fundamental result can be override with single sentiment or actions.
If the DXY solid break Demand Zone, the price will move further down to complete the Major Demand Zone before changing direction. Remember, US will not allow their citizen and economy suffering.
Let's wait and see what happen next.. Cheers
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.