VasilyPonomarev
Short

Dollar Index Technical Analysis

TVC:DXY   U.S. Dollar Currency Index

dollar index is currently coiling within a rising parallel channel .
be focused on 98.2 structure resistance level.
there is a very high chance to see a bearish reaction on this level.
if bears break and close below the channel,
we can expect bearish continuation to 97.5 and 97.0 levels
Comment: Market reached supply zone
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great work
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VasilyPonomarev CryptoBullet
@CryptoBullet,thank you
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Nice work ....
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VasilyPonomarev Make_Money_Guru_Bitcoin
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A fall in the index will negatively affect the usdchf and usdjpy pairs, in what proportionality? And where to be?
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kardia Googoosha
@Googoosha, a fall in the dollar index will also mean a likely increase in the value of BTC. It's an excellent indicator for BTC trading.
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Share your analysis on dollar index here
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