U.S. Dollar Index

Short

DXY : Reversal within descending channel

Updated

This could break the range of 95.5 -92.5
Dips toward 90 or 88.
RSI is falling
Keep watching.

Note

Broke 95. Towards 94.7

Note

Upsurge to 95.70 on Daily has broken descending channel.
Testing Resistance 96.
Breakout would be the new bull cycle for DXY

Note

93.7 is crucial support. break would cause dollar to escalate towards bottom of channel 92.

Note

took out important support.
This may sink towards 92.5

Note

retrace above SMA 100
94.32 and hitting 94.6 make it more bearish

Related publications

DXY : Long Term Bearish on 1 Week Chart

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.