Dollar Index (DXY): Bearish Continuation 💵 Short

U.S. Dollar Currency IndexTVC

Description

⋅ Dec 9, 2022 6:59 AM

Update for Dollar Index:
Yesterday, we spotted a head and shoulders pattern on a 4H time frame.
Its neckline was broken later on.

The index will most likely keep falling.
Goals: 104.18 / 103.8

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Comments

VasilyTrader

⋅ Dec 9, 2022 6:59 AM

Are you bearish on DXY?

SignalProvider

⋅ Dec 9, 2022 11:45 AM

Seems likely!

MASTERPIECE10

⋅ Dec 10, 2022 9:36 PM

I certainly agree!

BarkingGecko

⋅ Dec 9, 2022 11:57 PM

I think DXY will start pushing up in the next week or two on the back of continued rate hikes by the Fed, headed firstly for the cluster of highs that were observed from 2000-2003.

InvestMate

⋅ Dec 9, 2022 9:53 PM

As far as I am concerned, the dollar is currently in the process of undergoing some sort of upward correction before falling further.

JoeChampion

⋅ Dec 9, 2022 5:16 PM

I agree, USD is too weak!

AnabelSignals

⋅ Dec 9, 2022 3:07 PM

Good post, buddy!

EliteTradingSignals

⋅ Dec 9, 2022 12:35 PM

Cheers bro!

ProjectSyndicate

⋅ Dec 9, 2022 11:06 AM

superb overview for position traders