DXY Long term Analysis. "King Dollar" is dead!

elmakacho Updated   
TVC:DXY   U.S. Dollar Index
Hello Everyone i want share my idea about DXY price analysis.

After big push up of dollar we saw some bearish momentum of dollar which is pretty clear, which i think made from us economy fall. couple of a week ago i published my idea about US20 Bond where i was bearish, because of 1 month chart RSI divergence and economical numbers.

Today at dollar we have clear bearish movement which testing support zones but the strongest support we have at 101.250 LVL 1W support. if dollar will continue fall then i will wait reaction from that 1W support, if we will get some trend change moments then i will publish my idea where i will be bullish.

Now i am bearish, my interesting price LVL will be 104.500 where we will see possible rejection from resistance.

And after long wait i am happy i was right. I closed all my positions versus dollar.
Waiting for bigger moves for new year.


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.