Get started
InvestingScope

Dollar Index: Approaching the Higher Low. Buy opportunity.

Long
U.S. Dollar Index (TVC:DXY)  
InvestingScope  
TVC:DXY   U.S. Dollar Index
Trend Analysis Chart Patterns Technical Indicators DXY dollarindex Dollar Index Futures DX1! DJ FXCM Index dollar Forex Currencies currency
9
2
trendanalysis chartpattern indicator dxy dollarindex dx1! usdollar dollar forex currencies currency
DXY was rejected in late May on a Double Top on 1D and sellers stepped in to push the price lower within the dominant pattern of the 1M Channel Up (RSI = 53.041, MACD = 0.390, Highs/Lows = 0.0000). The price broke below both the MA50 and MA200 but so far no Death Cross has taken place, so the selling will most likely stop on the Channel's Higher Low around 95.65. This is a strong buy opportunity for the next Higher High leg towards 98.90.






** If you like our free content follow our profile (www.tradingview.com/u/InvestingScope) to get more daily ideas. **

Comments and likes are greatly appreciated.
Telegram: t.me/investingscope
www.investingscope.com

Over 65% accuracy on Private Signals Channel.

Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.

Free Channel: t.me/investingscopeofficial

Related Ideas

InvestingScope
Dollar Index: Approaching the Buy Zone.
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.