Price has created a potential Ascending channel and seems to be ready to shorts , we are also trading at our highest supply zone which indicates shorts . Remember DXY affects ALL USD PAIRS .
DXY = Dollar Currency Index on TradingView .
DXY controls most of the USD currency pairs .
What I have noticed with DXY :
DXY ⬆️
USDXXX ⬆️
XXXUSD ⬇️
DXY ⬇️
USDXXX ⬇️
XXXUSD ⬆️
- thought I'd share this , *backtest to verify this though*
- this means whenever DXY goes up pairs that *start with " USD" are gonna go up with it* meanwhile pairs that *end with " USD " are gonna go down*
&
When *DXY goes down pairs that start with " USD " are gonna go down with it* and pairs *end with " USD " are gonna go up*
For example if DXY goes up USDJPY will go up with it and EURUSD will sell
DXY = Dollar Currency Index on TradingView .
DXY controls most of the USD currency pairs .
What I have noticed with DXY :
DXY ⬆️
USDXXX ⬆️
XXXUSD ⬇️
DXY ⬇️
USDXXX ⬇️
XXXUSD ⬆️
- thought I'd share this , *backtest to verify this though*
- this means whenever DXY goes up pairs that *start with " USD" are gonna go up with it* meanwhile pairs that *end with " USD " are gonna go down*
&
When *DXY goes down pairs that start with " USD " are gonna go down with it* and pairs *end with " USD " are gonna go up*
For example if DXY goes up USDJPY will go up with it and EURUSD will sell
Related Ideas
DXY idea*
DitebogoKhunou
about DXY