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Thursday, January 14, 2021

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

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

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...

from Trading Ideas
via gqrds

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