Dollar index – Watch for failure/breakout at neckline resistance

TVC:DXY   U.S. Dollar Currency Index
Dollar index             has rallied for two consecutive weeks and is now trading just a few pips short of the neckline level of the larger inverse head and shoulder formation. The neckline is seen around 101.65.

Watch out for a failure at 101.65 levels next week, although that may not result in a major sell-off given we are still a month away from the Dec Fed.

However, a minor correction following a failure at the neckline cannot be ruled out.

On the other hand, a monthly close above the neckline would signal a major bullish break.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out