TradingView
traderpulse
Jul 11, 2018 12:42 PM

DXY Technical analysis Long

U.S. Dollar Currency IndexTVC

Description

The weekly chart of DXY formed a round bottom pattern and made a strong bullish move.

It faced resistance around the value of 95.18. Its is currently trading near the 9-EMA which also coincides with the murray math line 4/8 value(support zone).

Since both these are strong support zones,we can expect a good up move in short-term and once it crosses the resistance,a major move can be witnessed.
More