USDOLLAR x DXY - Reversal? ⚡️

USDOLLAR and DXY are used to forecast USD strenth/weakness, which can be used to trade USD pairs.

In our last few analysis for USDOLLAR and DXY, we managed to forecast correctly and took advantage of it by trading USD pairs such as GBPUSD.

We are now approaching an area of interest for both USDOLLAR and DXY.

USDOLLAR:
- Approaching weekly structure
- approaching channel resistance

DXY:
- Approaching -0.27 target fibonacci
- Approaching ascending wedge resistance

Both indicating that we may see weakness from USD very soon = USDXXX short and XXXUSD long.

See below for possible USD trades.

EURUSD


GBPUSD


AUDUSD


USDJPY


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