General analysis of DXY Index

 📝 General analysis of DXY index (measuring USD strength) on 11/03/2021 only in PAID SERVICES:

 After 2 weeks of strong break-through of DXY as analyzed by definition, in my opinion, this week, DXY will likely adjust a little to be able to move to the next thresholds.  As I mentioned last time that the condition for DXY to move forward is that it will have to break through the MA20 on the weekly timeframe (W1) so after breaking this MA it has turned up sharply and is now in  Retest momentum is needed to bounce further.

Moving to the D1 daily chart, we can see that the index's bearish force is strong and in my opinion, DXY will continue to correct this week, the next level DXY is back.  is around 91 points of the index.  At this price zone, in my opinion, DXY is likely to create a bottom-up to conquer the next higher levels after nearly 1 year of continuous decline.

 - Because of the expectation that DXY will reduce, we will prioritize buying XXX / USD and selling USD / XXX including gold (XAUUSD).  But everyone remembers this is the correction of the DXY (USD), not the long-term trend, so after the short-term rally of XXX / USD including gold (XAUUSD), let's find a selling point.  !

 (Currently, the DXY index price is analyzed at 91.78 index points, this indicator is used to analyze USD-related currency pairs NOT TRADE)!

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