Higher probability is that DXY will go up making higher highs an higher lows (blue arrows); alternatively, red arrows represent the continuation of DXY downtrend which is unlikely to happen. 200 MA is flat right now after several weeks of being pointing down.
Accordingly, you can track major pairs an commodities (EURUSD / AUDUSD / NZDUSD / XAUUSD, etc...) as they move in a negative correlation with DXY.
Trade safe, confirm before taking any position and only risk what you can afford to lose.
Accordingly, you can track major pairs an commodities (EURUSD / AUDUSD / NZDUSD / XAUUSD, etc...) as they move in a negative correlation with DXY.
Trade safe, confirm before taking any position and only risk what you can afford to lose.
A.Y.S
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.
A.Y.S
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.