Which direction DXY is gonna take?
Hi every one
U.S. DOLLAR CURRENCY INDEX
DXY is in a symmetrical triangle which means it is expected to price move as equal as the measured price movement downward or upward but the breaking of this pattern is the important factor to determine that it will fall or rise. When ever direction it get it will be as big as the measured price movement. Note that this analysis is in weekly time frame so it takes time to understand the expected movement.
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck.
U.S. DOLLAR CURRENCY INDEX
DXY is in a symmetrical triangle which means it is expected to price move as equal as the measured price movement downward or upward but the breaking of this pattern is the important factor to determine that it will fall or rise. When ever direction it get it will be as big as the measured price movement. Note that this analysis is in weekly time frame so it takes time to understand the expected movement.
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck.
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