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tradingwithanthony
Jan 26, 2024 10:29 AM

DXY Dollar Index Technical Analysis and Preping for Monday 

U.S. Dollar Currency IndexTVC

Description

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.
Comments
Sammymatik
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
@Sammymatik, Thanks.. yes we will see soon enough which way it breaks
williamsafdary
January was green for dXy February red more until march then dxy all the way down to 85/65
sybil123
maybe todays news will give the dollar a boost to break to the upside
tradingwithanthony
@sybil123, Yes it should give it a nudge however be aware that they could hit stops aggressively before it trends.
sybil123
Thank you for your analysis
tradingwithanthony
@sybil123, You're welcome
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