🎯 DXY - USD Index USDINDEX - The U.S. Dollar Index (USDX, DXY, DX, or, informally, the "Dixie") is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, often referred to as a basket of U.S. trade partners' currencies, this index helps us to understand if USD is bullish or bearish on a short term or long term...
🎯 DXY - USD Index USDINDEX - The U.S. Dollar Index (USDX, DXY, DX, or, informally, the "Dixie") is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, often referred to as a basket of U.S. trade partners' currencies, this index helps us to understand if USD is bullish or bearish on a short term or long term...
Correlation between DXY and EUR/USD "and tradingview wont let me publish because it is short description, now its not😃 "
Hello dear friends. In this analysis, you can see that the dollar index has reached the demand area. It can also be seen in that area that the price is in a relative support at 92.8 and 92.5 and its relative resistance is between 94 and 93.7. To climb: Stabilize above 94 For Descent: Fix below 92.5 Good luck.
Today I have told you to close the position of NZD/USD in profit before it went up. Why did I do this? Because I`m checking correlations. Whenever you trade a MAJOR-PAIR with USD/XXX or XXX/USD do make sure to use the US-DOLLAR-INDEX (DXY) to check it for valid inter-market-correlations for your asset. Whether it`s a positive or negative correlation - you...