Ascending channel ?
Price has created a potential Ascending channel and seems to be ready to shorts , we are also trading at our highest supply zone which indicates shorts . Remember DXY affects ALL USD PAIRS .
DXY = Dollar Currency Index on TradingView .
DXY controls most of the USD currency pairs .
What I have noticed with DXY :
DXY ⬆️
USDXXX ⬆️
XXXUSD ⬇️
DXY ⬇️
USDXXX ⬇️
XXXUSD ⬆️
- thought I'd share this , *backtest to verify this though*
- this means whenever DXY goes up pairs that *start with " USD" are gonna go up with it* meanwhile pairs that *end with " USD " are gonna go down*
&
When *DXY goes down pairs that start with " USD " are gonna go down with it* and pairs *end with " USD " are gonna go up*
For example if DXY goes up USDJPY will go up with it and EURUSD will sell
DXY = Dollar Currency Index on TradingView .
DXY controls most of the USD currency pairs .
What I have noticed with DXY :
DXY ⬆️
USDXXX ⬆️
XXXUSD ⬇️
DXY ⬇️
USDXXX ⬇️
XXXUSD ⬆️
- thought I'd share this , *backtest to verify this though*
- this means whenever DXY goes up pairs that *start with " USD" are gonna go up with it* meanwhile pairs that *end with " USD " are gonna go down*
&
When *DXY goes down pairs that start with " USD " are gonna go down with it* and pairs *end with " USD " are gonna go up*
For example if DXY goes up USDJPY will go up with it and EURUSD will sell
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.