DXY - And why is it important?
DXY shows us the overall strength of the US Dollar. So as this is pushing up you should see the US pairs pushing with the dollar. Likewise when DXY is pushing down you should go against the dollar.
So if I'm looking at GBPUSD and DXY is pushing up i wouldn't be looking at placing any buys. Like wise if i see something on the chart i will look at DXY for any confluence. Currently i'm looking at a GBPUSD trade and going off what i see with this current DXY chart i am looking to place a buy on the pair and see a short run up.
Look out for my GU setup!
So if I'm looking at GBPUSD and DXY is pushing up i wouldn't be looking at placing any buys. Like wise if i see something on the chart i will look at DXY for any confluence. Currently i'm looking at a GBPUSD trade and going off what i see with this current DXY chart i am looking to place a buy on the pair and see a short run up.
Look out for my GU setup!
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.