themarketzone

Bullish reversal in Dollar index - Upside is still limited

TVC:DXY   US Dollar Currency Index
The Dollar Index             has made a strong bullish reversal yesterday and created an Outside Bar pattern that can turn to a reversal pattern if the price will continue higher and close above yesterday's high..
Despite the strong bullish candle, the Dollar's bulls should still remain cautious as the potential upside is still limited.
94$, which was a strong support zone , is now the resistance zone that $DXY             will have to face if it will attempt to rally higher.

Tomer, The MarketZone.net
Follow me on TradingView
Follow my blog - http://goo.gl/TWWN8C
Subscribe to my mailing lists - http://goo.gl/JfOLoR
Comment: Dollar index reached resistance - Will be tested next week
Comment: Daily Doji forming. Inside the resistance zone
Agreed, mostly due to the Yen component (and the Euro to a certain extent).
EM currencies seem toast though.
+1 Reply
Things are lining up towards NFP
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out