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asharifan
May 30, 2023 7:49 AM

The US dollar index "DXY" has started a positive wave. Long

U.S. Dollar Currency IndexTVC

Description

The US dollar index "DXY" has started a positive wave.
According to 200 days SMA, the neckline of this index is 105-106.
Breaking this zone can be the beginning of a new upward trend for this index.
A strong bullish #dxy could positively impact US equity markets, possibly negatively impact #xauusd (#gold).

of course, the buy signal will be the breakout of the mentioned resistance zone that is an important area of value.
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