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TheSignalyst

DXY Detailed Top-Down Analysis

Long
U.S. Dollar Index (TVC:DXY)  
TheSignalyst  
TVC:DXY   U.S. Dollar Index
Trend Analysis Chart Patterns Wave Analysis DXY index dollar priceaction Parallel Channel rejection Demand Zone support
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trendanalysis chartpattern waveanalysis dxy index dollar priceaction parallelchannel rejection demandzone support
on DAILY: DXY is currently approaching a strong demand zone in blue so we will be looking for objective buy setups on lower timeframes.

Keeping in mind that DXY can still go down to test the previous support to get more liquidity to be able to push higher.

on M30: DXY is trading inside our purple channel, so we are overall bearish, however as mentioned from Daily, we will be looking for buy setups as price is approaching strong support.

so we are waiting for a new swing to form around our upper purple trendline and enter on its break upward.

Good Luck!
This analysis is done using RichTL
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