UnknownUnicorn27566687

DXY hammered a trend reversal to the upside

Long
TVC:DXY   U.S. Dollar Index
The DXY Dollar index has briefly paused the upside. The DXY Dollar Index has to test the DXY 120 level, that's a multiyear value of the DXY, that it has become necessary for the upside curve of the DXY to factor in as the Derivative max point from where turn downslope to a multiyear retracement and depreciation of the USDollar, on macrotrend level.
This chart on a daily time scale highlights the HAMMER candle signal for the DXY price/volume going to bid for higher values of the DXY, hence a stronger USDollar.
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.