Dollar Index DXY technical analysis is no longer bearish. A strong demand imbalance on the monthly timeframe has taken control. Selling Dollar Index DXY smaller timeframes is suicidal in this scenario. A new year has started with Dollar Index DXY right at a strong demand imbalance where a decent bullish reaction is expected. Dollar Index...
The outcome of the US presidential election 2020 is on a knife edge, with Donald Trump and his rival Joe Biden neck and neck in key swing states. As a Forex or Stock trader, you will probably be scared by the high volatility of the markets during the elections. As a supply and demand trader,...
Expecting a bullish correction on Dollar Index DXY after such a strong sell-off. The weekly supply level is much higher, where we can think of short positions on the Dollar Index DXY. The EURUSD forex cross-pair forecast and analysis are very similar, but we expect a bearish correction. EURUSD and Dollar Index DXY are inversely...
As expected and mentioned in the previous Dollar Index DXY analysis, we had a strong monthly supply imbalance that took control, and a big sell-off was expected. That’s exactly what has happened on Dollar Index DXY. A very similar technical analysis was done for EURUSD Forex technical analysis and forecasted a few more weeks back,...
In this short technical analysis video on Dollar Index DXY, you will learn some tips on the kind of price action we want to see in creating new supply and demand imbalances. You don’t need any indicators to plan a trade; price action and supply and demand will tell you where the price is most...