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U.S. Dollar Index
Long
Updated

DXY short term retrace to potential support for a long position

73
Have Tuesdays low, looking for a retracement between the Tuesday low and the Wednesday high, to continue an up move that will give support for Eur/Usd, Aud/Usd, and Gbp/Usd short positions.

USD #usd #tradeideas #trade

DXY
Note
Bullish above 92.00 stop looking for 92.25 to 92.17 as support to enter on a dip.
Note
But if 92.00 breaks and any rallies after that fail to move above 92.65, I will change my view to bearish DXY and look to go long Eur/Usd, Aud/Usd, or Gbp/Usd, depending on which is the stronger one.
Using crosses like Eur/Gbp, Eur/Aud, Gbp/Aud can help determine the stronger currency.
russell.schaeffler
Also on:
FibonacciForexSupport and ResistanceTrend AnalysisUSD

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
FibonacciForexSupport and ResistanceTrend AnalysisUSD
russell.schaeffler
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.