Hi traders and investors!
This analysis is based on the Initiative Analysis concept (IA).
The US Dollar Index (DXY) formed a sideways range on the daily timeframe at the end of June. The seller’s initiative is now active, with a target at 96.767.
Before that, there was a buyer initiative, and we can see that at the end of it, there was a manipulation around the 98.640 level.
A buyer attack occurred on high volume, but the sellers absorbed the buyer’s attack candle and pushed the price downward on October 15.
The price may return to retest either 98.65 - 98.35 area. However, the main movement on the Dollar Index remains downward.
Wishing you profitable trades!
This analysis is based on the Initiative Analysis concept (IA).
The US Dollar Index (DXY) formed a sideways range on the daily timeframe at the end of June. The seller’s initiative is now active, with a target at 96.767.
Before that, there was a buyer initiative, and we can see that at the end of it, there was a manipulation around the 98.640 level.
A buyer attack occurred on high volume, but the sellers absorbed the buyer’s attack candle and pushed the price downward on October 15.
The price may return to retest either 98.65 - 98.35 area. However, the main movement on the Dollar Index remains downward.
Wishing you profitable trades!
Clarity on the Chart. Smart Trading Decisions
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Clarity on the Chart. Smart Trading Decisions
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.