Dollar Index DXY tracks the strength of the dollar against a basket of currencies. In recent years, the strength of the U. It is a weighted geometric mean of the dollar's value relative to other select currencies: Euro EUR , Trump is somehow keeping dollars weak Traders, Only 3days left, Trump's government is facing close and stop working. What a coincidence, Dxy still cant break the daily trend line and gold is still standing on the support zone.
We believe this situation is going to stay for a while before NFP this Friday. Xmas promotion is on now! Are we over the tax bill euphoria? The US Dollar Index seems to have completed an impulse between A potential rally unfolding into 5 waves should be on cards, for the coming weeks from here. For this wave count to hold true, price should broadly remain above The index should be targeting This is risk taking point DXY is currently ranging higher, but it's coming into a nice area where I believe sellers will have the upper-hand.
The fight back was to be expected, but it's doing better than envisaged so far here - and these conclicting signals urge caution now I would like to see the Firstly congratulations to those who took shorts on the previous idea please see attached , very well done for clearing all targets on the handle. We are rolling with the dollar holding Hi there, DXY is setting up for breakdown. Watch top for short. We will watch bottom for change in pattern formation.
We are looking for one more leg down before any rise on the DXY. Trade with care and use only that much risk which you can afford to lose. Dont Trade with that money which you cant afford to lose. Every Single trade is not a winning trade so use Hey Traders, I am going to do a short free tutorial on Simple Patterns.
This tutorial's purpose is to show you: Traders, Only 3days left, Trump's government is facing close and stop working. Olu DXY , ,. Mobi DXY , 60, Short ,.
JasonTerry DXY , ,. Macrown DXY , ,. Show More Ideas 1 2 3 4 5 From the creators of MultiCharts. Select market data provided by ICE Data services.More...