DXY reaching trend line resistance

TVC:DXY   U.S. Dollar Currency Index
43 4 2
Watching to long gold             plays and/or short $dust.
Thank you for posting this chart. My concern here is the weekly chart. You have an inverted hammer which is confirmed by the Three white soldiers bullish candlestick pattern which took out that massive red down day. True, you are coming into the resistance line you drew. I guess if that breaks the trend will reverse?

thoughts? Thank you

4thewin 4thewin
sorry i said "red down day" - it is a red down week. (weekly chart). thanks
Yes, if trend line breaks idea is off. Not necessarily a reversal but I'll watch for consolidation and next setup.
4thewin nick101trading
what do you mean by not necessarily a reversal? Why not?
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out