Hello Traders, welcome to today's analysis of Dollar Index.
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Explanation of my chart analysis:
DXY (Dollar Index) has been forming a triple bottom all the way back in 2008 and has been rising ever since. With the recent break above the psychological $100 level, the DXY is once again confirming the bullish strength. If DXY doesn't break below this area, I am targeting new swing highs.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
An important point on the dollar index. The price is at the mirror support level. On the reaction of this zone depends on further pumping of the markets of shares and cryptocurrencies or on the contrary decline. The dollar index as an indicator of the markets.