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TPwithUS Dollar Index analysis
DXY (Dollar Index) starts to a small descending correction
DXY (Dollar Index) broke out the ascending channel on the 4H time frame and started a correction. We want to buy it on 103.2-103.5 level to a bigger increasing movement than previous until 107-108. So be held to reach position point. It moves in a big channel on a weekly timeframe. We show you the Entry point, TP & SL on the chart.
For more details and to see a chart of DXY (Dollar Index) check out our Tradingview :
In our Tradingview you can see more analysis, signals, updates, and charts of the Dollar Index (DXY):
https://www.tradingview.com/chart/DXY/RafaSOQ1-DXY-start-to-a-small-descending-correction/
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What is the DXY?
The US Dollar Index – known as USDX, DXY, DX, and USD Index – is a measure of the value of the United States Dollar (USD) against a weighted basket of currencies used by US trade partners. The index will rise if the Dollar strengthens against these currencies and fall if it weakens.
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