The dollar index is forming an expanding triangle on the weekly chart, with the upper trendline at 100.35, as shown. The short-term chart below shows wave v of this rally starting, which will attempt to break above this line and confirm a longer-term trend reversal in the dollar from bearish to bullish, against all expectations.
The Truth About The Markets
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The Truth About The Markets
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.