US Dollar Index DXY forecast using supply and demand
What is US Dollar Index DXY forecast using supply and demand technical analysis? Well, as discussed in previous video technical analysis in the past, we have a clear long term long bias on US Dollar Index DXY creating and respecting bigger timeframe demand levels and imbalances and eliminating obstacles in the form of supply imbalances.
In a clear uptrend we should only be interested in buying US Dollar Index DXY . If you are using other Forex trading strategies or even trading the lower timeframes using indicators and oscillators, you can use this supply and demand technical analysis on US Dollar Index DXY to plan your longs.
You might be using CCI or RSI oscillators or even moving average crosses and Bollinger Bands, we don't really need any of those to make a trading decision when trading supply and demand imbalances.
All we need to know is that we have a trend and direction and new demand levels created. The technical video analysis you can watch below shows a longer term US Dollar Index DXY analysis using the weekly timeframe as the main timeframe. New demand level has been created around $97, gained control and price is rallying strongly with a lot of room on the way up to a strong monthly supply level that is located near US Dollar Index DXY where shorts will be possible again.
In a clear uptrend we should only be interested in buying US Dollar Index DXY . If you are using other Forex trading strategies or even trading the lower timeframes using indicators and oscillators, you can use this supply and demand technical analysis on US Dollar Index DXY to plan your longs.
You might be using CCI or RSI oscillators or even moving average crosses and Bollinger Bands, we don't really need any of those to make a trading decision when trading supply and demand imbalances.
All we need to know is that we have a trend and direction and new demand levels created. The technical video analysis you can watch below shows a longer term US Dollar Index DXY analysis using the weekly timeframe as the main timeframe. New demand level has been created around $97, gained control and price is rallying strongly with a lot of room on the way up to a strong monthly supply level that is located near US Dollar Index DXY where shorts will be possible again.