N0ST0PL0SS

DXY// Back In Channel (update)

Long
TVC:DXY   U.S. Dollar Index
After falling out of a slight wedge, $dxy has been able to rise back into the rising channel, retested, rejected and now we can expect to price to propel from this current area.

One thing to keep in mind is that in a wider view, DXY has hit historically monthly lows after falling to hell. We should expect a decent pull back from those lows. The broken structure is ~96.

Previous analyses linked.

These analyses are my personal view on the market.
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
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.