Get started
forexwithfred

DXY - Liquidity Grab To Initiate Bullish Run

Long
U.S. Dollar Currency Index (ICEUS:DXY)  
forexwithfred  
ICEUS:DXY   U.S. Dollar Currency Index
Supply and Demand Volume Beyond Technical Analysis DXY USD usdlong dollarindex marketstructure retail liquidity
5
0
supplyanddemand volumestudies beyondta dxy usd usdlong dollarindex marketstructure retail liquidity
What Is The Market Telling Us?
  • Price is currently ranging between Previous High & Previous Low
  • 1st Break in market structure towards bullish direction since March
  • Price is currently making its way toward previous low for a retest

What Are Market Participants Doing?
  • 70% of retail traders are shorting the dollar overall against DXY
  • There is currently over 450,000K short positions on the EUR from Dealer Intermediary (COT)
  • Institutional liquidity is sitting under sell stops of retail traders located below PDL

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.