U.S. Dollar Index
Hello Dear Traders
This is the updated analysis of the DXY chart. Last week, I explained its bullish trend to you, and this week I was waiting for the necessary confirmations for entry based on last week’s analysis. With this 1-hour confirmation, we can say that this chart has fully turned bullish, and the targets remain as stated in the previous analysis.
Therefore, we can consider sell entries on the Euro, Pound, Australian Dollar, and New Zealand Dollar, while conversely, we can enter buy positions on the Japanese Yen, Canadian Dollar, and Swiss Franc.
Thank you for your support. A very simple and clear chart has been drawn for your use.
Wishing you all success!
Fereydoon Bahrami
A retail trader in the Wall Street Trading Center (Forex)
Risk Disclosure:
Trading in the Forex market is risky due to high price volatility. This analysis is solely my personal opinion and should not be considered financial advice. Please do your own research. You are responsible for any profits or losses resulting from this analysis.
This is the updated analysis of the DXY chart. Last week, I explained its bullish trend to you, and this week I was waiting for the necessary confirmations for entry based on last week’s analysis. With this 1-hour confirmation, we can say that this chart has fully turned bullish, and the targets remain as stated in the previous analysis.
Therefore, we can consider sell entries on the Euro, Pound, Australian Dollar, and New Zealand Dollar, while conversely, we can enter buy positions on the Japanese Yen, Canadian Dollar, and Swiss Franc.
Thank you for your support. A very simple and clear chart has been drawn for your use.
Wishing you all success!
Fereydoon Bahrami
A retail trader in the Wall Street Trading Center (Forex)
Risk Disclosure:
Trading in the Forex market is risky due to high price volatility. This analysis is solely my personal opinion and should not be considered financial advice. Please do your own research. You are responsible for any profits or losses resulting from this analysis.
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