For a trader that trades GBPUSD like me, it is important to analyze the direction of TVC:DXY because TVC:DXY is negatively correlated with $GBPUSD. Knowing the direction of DXY is an additional confluence in trading $GBPUSD.
Here is how I analyze TVC:DXY direction.
Today's TVC:DXY direction analysis.
- DXY is showing a downtrend move.
- It took the...