Get started
AfterlifeTrading

DXY to downside

Short
U.S. Dollar Index (TVC:DXY)  
AfterlifeTrading Updated   
TVC:DXY   U.S. Dollar Index
Trend Analysis DXY short
3
0
trendanalysis dxy short
DXY appears to be breaking down from the order block to reenter the HTF bearish structure (Since Mar 2020).
This could trigger further weakness in DXY and we could see strength in GU, EU, & AU and further weakness in UCAD.
Comment:
It appears to have rejected the lows and coming back up with some momentum.
London just opened and keeping an eye on the price action. If I see continuation, I will enter shorts on USD pairs.
Comment:
There is alot of volatility in the markets. DXY shot up and then right back down. Until I see a clear direction, I am staying out of the markets.
Comment:
It looks like that upwards move was just a fakeout.
Looking for longs on USD pairs if we can get a pullback.
But will trade cautiously today and limit entries as there have been erratic movements both ways.
NQ Trader
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.