Get started
BorisLjevar

Is Dollar going to break out?

Short
U.S. Dollar Index (TVC:DXY)  
BorisLjevar  
TVC:DXY   U.S. Dollar Index
Trend Analysis Technical Indicators
5
0
trendanalysis indicator
DXY breakout would have a devastating effect for EURUSD and AUDUSD, while simultaneously it would launch USDJPY and USDCHF to new highs. Maybe on the longer term, Dolar will gain more strength, but for now, it seems that the momentum is weakening. I guess we shall see one more pullback before Dollar makes an attempt for a new high.

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.