Disliked{quote} I also dont trade dxy (not avalible at liteforex to trade) i just keep an eye on it. for example: if usdcad is at supply and dollar index at demand i dont trade usdcad. pretty easy but effective. ,Tradingkid sorry for my englishIgnored
I do not trade DXY either. However, Its good to keep in mind that EUR/USD has the biggest influence on DXY - it makes about 70% DXY so thats why DXY strongly follows EUR/USD pair and the other pairs do not have such a big influence. However, you are absolutely right that it is a huge help to track DXY fot general dollar direction.
Follow up to previous charts: dollar broke the triangle to the upside and now respects the ascending line even though the upside is now supressed and forms another small triangle. The break of it is gonna come very soon and ot shall indicate if we go lower or higher.