Forex Trading Strategies 23 : Long DXY to 97.5
Forex Trading Strategies 23 : Long the U.S Dollar. Here's my Forex Signal on the DXY Index, I usually focus on the dollar index and trade related currency pairs like EURUSD, XAUUSD

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  • Forex Trading Strategies 23 : Long DXY to 97.5

I wasn't too happy seeing the U.S dollar weaken so much over the past couple of weeks. It looked nice and strong and pushing higher - until things turned around suddenly. Although I expected the dollar to come back down for a while (see my previous analysis on DXY), I really didnt expect it to fall that far down. 


However, I think the selling is done, and the Dollar Index DXY looks poised to rise again - on the back of interest rate hikes by the Fed. 

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  • 11 Feb 22
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