DXY Technical analysis
The dollar index is currently in a downtrend in the 1-hour chart.
It has formed an elliot wave and is due for an ABC correction.
So we expect the pair to find resistance at the resistance line and make a bearish move from there.
It has formed an elliot wave and is due for an ABC correction.
So we expect the pair to find resistance at the resistance line and make a bearish move from there.
Trade closed: target reached
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.
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.