PAIR IN FOCUS: DXY
DXY seems to be facing resistance while in this Critical Zone. The levels indicated are what we can look for if DXY heads down.
How will this affect your positions?
DXY is the US Dollar Index and measures the relative strength of the USD to a basket of different currencies: EUR, YEN, GBP, CAD, SEK and CHF.
In this case, with a bearish bias for DXY, we can plan ahead with our analyses by looking for bullish price action in XXXUSD pairs. Likewise, one can also reduce, exit or take profits for the current positions based on their bias of the DXY. In current times, the DXY will be greatly affected by trade war progress.
DXY seems to be facing resistance while in this Critical Zone. The levels indicated are what we can look for if DXY heads down.
How will this affect your positions?
DXY is the US Dollar Index and measures the relative strength of the USD to a basket of different currencies: EUR, YEN, GBP, CAD, SEK and CHF.
In this case, with a bearish bias for DXY, we can plan ahead with our analyses by looking for bullish price action in XXXUSD pairs. Likewise, one can also reduce, exit or take profits for the current positions based on their bias of the DXY. In current times, the DXY will be greatly affected by trade war progress.
