Fxprotrader

Dollar Index Analysis

Fxprotrader Updated   
TVC:DXY   U.S. Dollar Index
DXY has a big impact on all USD pairs so it's always a good idea trying to figure out how is going to move in the upcaoming weeks. Here we have a clear picture with price having broken above a lonh term downtrend and already having started a correction to the down. Wait for this correction to end and a new rally will start.

This means sell opportunities in the EURUSD, GBPUSD, NZDUSD, AUDUSD, and buy opportunities in the USDCAD, USDJPY, USDCHF.

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Comment:
Price is still moving to the down and soon may enter a key zone where might reverse.
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