VasilyPonomarev

DXY (Dollar Index): Signs of Weakness

Short
TVC:DXY   U.S. Dollar Currency Index

hey traders,

it looks like dxy returns to a bearish trend again.
after a quite impressive growth from 6th January, yesterday the price broke below a support line of a bearish flag pattern on 4H.

that breakout may be a perfect trigger for the initiation of a new bearish wave.

for now, I expect a continuation to 90.0/89.25 levels, but we must remember that the global trend is bearish and indexes may continue falling in value.

please, support this idea with like and comment! thank you!

Comments

Do you agree with my outlook?
+1 Reply
Thanks great analysis! 🌟🌟🌟🌟🌟
I have similar idea for long-term, I think it will touch 89.00 or 88.6, would you agree on a strong pullback after that?
Reply
@Hosselo, good outlook!
Reply
Interesting perspective brother!
Reply
@AidanMDang, thank you bro 🙏
Reply
Thank you, bro!
Reply
@DeGRAM, you are welcome brother!!!
Reply
It seems 1 more push up to 91.800 and then down again
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VasilyPonomarev forexsignalscanner
@forexsignalscanner, thank you for comment buddy 🙏
+1 Reply
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