DXY | DESCENDING BROADENING WEDGE
Hello
Dollar index with 3 scenarios
Green scenario
I leave the ascending pattern of the Descending Broadening Wedge and we move above the 200-day moving average. As a result, we realize that risky markets are in danger of a big fall.
Yellow scenario
Confusion in the financial markets is formed in this scenario
We cannot determine exactly which direction global markets will move, so we must have accurate capital management
Red scenario
The support zone of the dollar index is broken
And as a result, investors and people pour their money into risky markets
educational!
The U.S. dollar index (USDX) is a measure of the value of the U.S. dollar relative to a basket of foreign currencies. The USDX was established by the U.S. Federal Reserve in 1973 after the dissolution of the Bretton Woods Agreement. It is now maintained by ICE Data Indices, a subsidiary of the Intercontinental Exchange (ICE).
The six currencies included in the USDX are often referred to as America's most significant trading partners, but the index has only been updated once: in 1999 when the euro replaced the German mark, French franc, Italian lira, Dutch guilder, and Belgian franc.
Consequently, the index does not accurately reflect present-day U.S. trade.
Dollar index with 3 scenarios
Green scenario
I leave the ascending pattern of the Descending Broadening Wedge and we move above the 200-day moving average. As a result, we realize that risky markets are in danger of a big fall.
Yellow scenario
Confusion in the financial markets is formed in this scenario
We cannot determine exactly which direction global markets will move, so we must have accurate capital management
Red scenario
The support zone of the dollar index is broken
And as a result, investors and people pour their money into risky markets
educational!
The U.S. dollar index (USDX) is a measure of the value of the U.S. dollar relative to a basket of foreign currencies. The USDX was established by the U.S. Federal Reserve in 1973 after the dissolution of the Bretton Woods Agreement. It is now maintained by ICE Data Indices, a subsidiary of the Intercontinental Exchange (ICE).
The six currencies included in the USDX are often referred to as America's most significant trading partners, but the index has only been updated once: in 1999 when the euro replaced the German mark, French franc, Italian lira, Dutch guilder, and Belgian franc.
Consequently, the index does not accurately reflect present-day U.S. trade.
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