FUNTRADER-Vera

0731 DXY is bearish on daily chart

Short
TVC:DXY   U.S. Dollar Index
Traders

Today is last trading day of July, so it is necessary to check it on monthly chart. It shows that DXY is about to close with a doji on monthly, meaning a sideways movement probably come in next 1-3 months.

On daily chart, a broken red trendline with bear signals is guiding price to move from 95.6 -93.18. This is current range for sideways movement for DXY.
In general, DXY is bearish to us .

Less is more!
Comment:
Comment:
We have a red trend line which is still valid.
We have a blue support line which is still valid.
And now DXY has a green line to break if it want to rehit the blue zone or make a new high level.
Comment:
Comment:
Before new NFP tomorrow, dxy has found its support on 94.3 and now marching toward 95-95.5 again.
Bad news for OTHER CURRENCIES.

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