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JoeChampion
May 15, 2023 2:27 PM

DXY is approaching an important support area Long

U.S. Dollar Currency IndexTVC

Description

Hey Traders, in today's trading session we are monitoring DXY for a buying opportunity around 102.4 zone, DXY is trading in an uptrend and currently seems to be in a correction phase in which it is approaching the major trend at 102.4 support zone, I would also recommend to always keep an eye on DXY prior to trading USD pairs.. that's will help you to trade the pairs more professionally and help you define the trend.
Trade safe, Joe.
Comments
Lingrid
It can work
JoeChampion
@Lingrid, Thank you Lingrid!
jpeacockfx
Nice analysis. Thanks for sharing!
JoeChampion
@jpeacockfx, Sweet!
The_ForexX_Mindset
DXY goes up crypto goes down, DXY goes down crypto goes up. What a messed up way U.S. to have Americans who have invested in crypto to be against our very own US dollar.
JoeChampion
@StockRuler, Yes, there's a negative correlation!
TradingShot
Thanks for sharing your view.
JoeChampion
@TradingShot, Cheers!
TradingBrokersView
We have similar bias, let's see how it plays out.
JoeChampion
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