PriceActionPros

US Dollar Currency Index / W / Weekly Forex Analysis / 4.15.2019

INDEX:DXY   US DOLLAR CURRENCY INDEX
Hello Traders, welcome to the Weekly Forex technical analysis . Today is April 15th, 2019 and we will be taking a look at the U.S. Dollar Currency Index on the daily chart just to get into the calendar, and have an outlook into the upcoming week. Looking at the Dollar Index here on a weekly time frame, we can see a rising wedge type formation playing out. Last week we were looking for the retest of 97.701 area didn't quite get to the top of the wedge . We are going to be watching this area again into this week of 4/15/19. If we can break out of this 97.701 area which is acting as major resistance we can possibly see continuation towards the 98.687 area. On the other hand if we don't see a rally towards 97.701, then be mindful of a possible retest of support near the 95.960 area. We are so thankful to have you tune in, please feel free to write a comment or leave feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
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