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U.S Dollar Index (DXY) Strong Bearish Potential

Short
U.S. Dollar Index (TVC:DXY)  
ThinkingAntsOk  
TVC:DXY   U.S. Dollar Index
Trend Analysis Support and Resistance Multiple Time Frame Analysis DXY dollar index short USD chf CAD jpy BTC
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trendanalysis supportandresistance mtfa dxy dollar index short usd chf cad jpy btc
4H CHART EXPLANATION:



After the big downside move, price recovered almost all the way down. Now it seems that the Daily Resistance Zone is holding the price, and it broke the Ascending Channel. So, if the Daily trendline is broken, then we can expect a downwards move towards the previously tested Support Zone.


MULTI TIMEFRAME ANALYSIS:


-Daily:

snapshot

-Weekly:

snapshot
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