Dollar Index Daily Channel Breakout Possibilities
When we observe the first day of the month as an opening channel, we see the Dollar Index has significant moves when breaking out of those channels.
In the current market, approaching the US elections, the DXY is at a critical point and looks set to continue its bullish run.
However, we will be waiting until the end of the 1st Day of November to establish a new channel and waiting for breakouts on either side.
In the current market, approaching the US elections, the DXY is at a critical point and looks set to continue its bullish run.
However, we will be waiting until the end of the 1st Day of November to establish a new channel and waiting for breakouts on either side.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.