KeytoMarkets

We observed two bullish factors in the DXY chart.

Long
TVC:DXY   U.S. Dollar Index
finally closed above 20 &50DMA. We observed two bullish factors in the DXY chart.
1. 20MA crossover 50MA for the first time after March
2. Assumption that we are forming an inverse right-hand shoulder on the daily 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.