FibnFork

Huge outside week reversal through key support

TVC:DXY   U.S. Dollar Index
Following the predictable dovish fed policy stance, and shift in the dotplot, the $ plunged through most of its key support structures:
  • Simple trend line (purple dotted)
  • Median line in pitchfork
  • 200DMA
  • 61.8% slope in long-term pitchfork

The 200 Week moving average is the last bastion of hope for the dxy.

Daily
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