A_JAY

( DXY POTENTIAL CRASH ) US Dollar Currency Index Chart Analysis

Short
TVC:DXY   U.S. Dollar Currency Index
For some time now the dollar has been crashing. Now, if you look at the TVC:DXY on your monthly chart from the 20th century to the 21st century. Price has shown clear signs its been in a downtrend channel for long time now. since recently around 2016 price finally tapped the channel once again, and now i believe price is looking to hit 80$ or even lower since my consolidation area has been broken.

ADDED INFO FOR NOVICE/CURIOUS TRADERS
I do not trade the DXY solely i just happen to use it as an indicator for the USD pairs that i trade. The movement on the DXY can have significant effects on currency pairs.