Slyshady12

US dollar INDEX 4HR PROJECTION

Long
TVC:DXY   U.S. Dollar Index
The US dollar has been bearish for some time now, as we can see from the above 4hr descending channel.THE lower trend line that has been acting as support since April last month has been respected anytime price gets to test it, price has currently rejected it for the 5th time considering the current test and at the same time formed a clean regular divergence that depicts REVERSAL in correlation with our Relatives strengths Index.So right now I'm expecting a reasonable amount of strength from the US dollar.
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.