**DXY**
The U.S. Dollar Index (DXY) is the benchmark for the entire market.
If you understand the direction of DXY, you hold the key to many other charts.
On the **1H timeframe**, a new wave appears to have started.
In my view, DXY may push higher during **Monday's session**, which would likely result in downward moves in **EUR/USD, GBP/USD, and Gold** — potentially creating an attractive trading opportunity.
The liquidity zone on the 1-hour chart has already been identified.
There is a strong possibility that this liquidity will be taken during Monday's session, after which an **impulsive bearish move** could begin.
The U.S. Dollar Index (DXY) is the benchmark for the entire market.
If you understand the direction of DXY, you hold the key to many other charts.
On the **1H timeframe**, a new wave appears to have started.
In my view, DXY may push higher during **Monday's session**, which would likely result in downward moves in **EUR/USD, GBP/USD, and Gold** — potentially creating an attractive trading opportunity.
The liquidity zone on the 1-hour chart has already been identified.
There is a strong possibility that this liquidity will be taken during Monday's session, after which an **impulsive bearish move** could begin.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.