htasviri

DXY pullback to breaked trend line - wait for sell signal

Short
TVC:DXY   U.S. Dollar Index
After an upward rally and the dollar index reaching 114.78 units, we saw a deep correction to the range of 100.86 units. Considering that the weekly time frame trend line was broken two weeks ago, last week we saw a pullback cut to the level. In this week, the assignment will be determined. If the dollar index reacts to the trend line and closes below 102.5 candle units next week, we will witness the continuation of the downward trend. Obviously, if the downward trend continues, it has the potential to fall to 99.14 units, while the mid candle of the week The past could be an important area for Candle next week

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.