U.S. Dollar IndexShort
The DXY closed below a 50-year level
I believe the index may be in a weekly ABC correction, with a target approximately in the green circle region.
On the monthly chart, the August month-end close below a significant 50-year level appears to reflect the weakness of the dollar.
Pay attention to the upward and downward channels that are in play.
Thanks!
On the monthly chart, the August month-end close below a significant 50-year level appears to reflect the weakness of the dollar.
Pay attention to the upward and downward channels that are in play.
Thanks!
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.