MunjaalRaval

Bounce anticipated in Dollar Index

Long
TVC:DXY   U.S. Dollar Index
DXY has formed a Doji candlestick pattern near its crucial support zone which stays between 92 and 93 levels. The index fails to give a weekly close below 93 levels indicating bears are now more dominating as earlier. RSI exhibits bullish hidden divergence indicating a bounce in the index.

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.