BitonGroup

U.S. Dollar Index Bullish Divergence and US Economy Improvement

Largo
BitonGroup Actualizado   
TVC:DXY   Índice del dólar de EE. UU.
here we can see DXY is showing a Bullish Divergence with MACD in Daily Time Frame
as it is a regular divergence so it can be a sign of trend reversal and start of a rally to its previews higher points and resistances
i have specified the Minimum retracement levels by Fibonacci retracement tool and the levels are combined with Price Action analysis.

we can use this data to setup our positions in may forex instruments including EURUSD and GBPUSD etc... which can be interpreted as shorting them for swing and positional Trades
i have also analyzed them so I will keep their links to the related ideas

this analysis can help us to forecast many other Asset movements and US related economic factors

please name few other uses of DXY in the Comments
and let me know how can we relate this trend change with the current US Geopolitical issues and economic status??? and obviously the US election...
Operación activa
Operación cerrada: objetivo alcanzado:
target achieved

Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.