The DXY is presently confined within a range, evident on both the 1-day (1D) and 4-hour (4H) time frames. Given that it is the end of the week, I am exercising caution about active market participation, considering the customary manipulation observed on Fridays as smart money strategically targets stops, aligning them with the upcoming week's trend. In this video, we evaluate the dollar index and contemplate potential trade scenarios with dollar pairs for the approaching week. It is important to emphasize that this content is intended strictly for educational purposes and should not be considered as financial advice.
I feel like the outcome from this chart and some combination with the next Fed drip should provide a psychological narrative. looking forward to your update on this.
tradingwithanthony
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@Sammymatik, Thanks.. yes we will see soon enough which way it breaks
williamsafdary
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January was green for dXy February red more until march then dxy all the way down to 85/65
sybil123
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maybe todays news will give the dollar a boost to break to the upside
tradingwithanthony
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@sybil123, Yes it should give it a nudge however be aware that they could hit stops aggressively before it trends.