InvestingScope

Dollar Index: Buy opportunity near the Higher Low.

Long
TVC:DXY   U.S. Dollar Currency Index
DXY dropped again below the 1D MA200 ( RSI = 40 .089, MACD = -0.130, Highs/Lows = -0.2864, ADX = 25.789) approaching once more the Higher Low trend line of the 1M Channel Up that has been trading within for over a year.

The pattern resembles the early 2019 sequence and as you see on the chart this could be the 7th phase that will initiate the uptrend. Two targets can be taken on this, 98.30 and 99.25.





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