Get started
Profound_Ambition

DXY (Dollar index) Daily

Long
U.S. Dollar Index (TVC:DXY)  
Profound_Ambition Updated   
TVC:DXY   U.S. Dollar Index
Support and Resistance Fibonacci Trend Lines DXY DJ FXCM Index dollarindex Supply Zone breakout retest uptrend higherhighs
7
0
supportandresistance fibonacci trendline dxy usdollar dollarindex supplyzone breakout retest uptrend higherhighs
Price broke out of its downtrend channel on Thursday after U.S. higher job report numbers. Now a retest is needed which NFP helped out on Friday get a slight retracement. More dollar strength expected & a rate hike in December. Lets see if we can get a clear uptrend of higher highs & higher lows from now on forward..
Comment:
Comment:
snapshot
potential Daily inverse H&S pattern possibility..
Comment:
may get a wick or candle touch to the moving averages before pushing up, definitely possible.. Something to look out for
Comment:
looks like we may be forming that right shoulder to the inverse H&S pattern
Comment:
expecting dollar weakness for now, PPI numbers on Thursday could bring back some strength to this pair
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.