Indicators Indicating Currency Weakness:
Today, I will give you some indicators to understand when to exit the trade and avoid losses...👇
First/ Dollar Index (DXY): Measures the strength of the dollar against a basket of currencies and may affect other currencies.
Second/ Spot Exchange Rates: Such as the USD/EGP or USD/TRY rates.
Third/ Inflation Indicators: Such as the Consumer Price Index (CPI).
Fourth/ Foreign Currency Reserves: A decrease may indicate pressure on the local currency.
