Wicktator

DXY - Where Next? πŸ€”

TVC:DXY   U.S. Dollar Currency Index
We had a breakout of a descending wedge on the daily timeframe at the start of this year, which indicated that we are on the verge of a reversal from bearish to bullish .

We could be making a double bottom before moving up. Safest thing to do is to monitor to the descending trendline and wait for a break.

DXY is used to anticipate US dollar strength and is inversely correlated with EURUSD and GOLD . We can use this chart to gain really good entries for other pairs!

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Comments

Nice... Great work done bro
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Slowly picking up how you are marking the charts and your analysis.
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Thank you bro. Clean work!
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