TradingView
VasilyTrader
Dec 6, 2019 8:35 AM

DXY (Dollar Index): Important Update Long

U.S. Dollar Currency IndexTVC

Description



hey traders,

dollar index is close to a major trendline.
this trendline matches perfectly with horizontal support.

I believe that we can expect a bullish reaction from the underlined area.
Target levels are:
97.8
98.4

Comments
MEGALO1
Good morning Master Vasily, foremost I'm a believer in long term trend lines and a collage of multiple time frame analysis partly due from me being a swing trader, as I see in your chart depicting this very thing nice concise and clean (-: ! (Day time frame trend lines) have held a broad scope of accuracies which is unparalleled to any other discipline or study out there, in my humble opinion. Now let me take you on trip to never never land, and give you a second scenario of this plausible scenario you have presented, if trend line is broken on the 13th or 16th of present month it should remain in that state until 1/10/20 which the usd should shed around $2.68 which should be around let's say around $94.4 then your depiction will come in action up up and away usd ??? You gave no pacific time for your analysis so its plausible in a let's say 23 day period both broken trend line and continuation of trend are possible, but either case you are correct usd will rise > Megalo
Heisenberg72
so we can expect gold falls again
VasilyTrader
@Heisenberg72, I would not talk about correlations here!
Slippery09
I like your analisys though
VasilyTrader
@kryptochristo, thanks bro!)
Slippery09
NFP today, IMO it's too risky until it's revealed
VasilyTrader
@kryptochristo, oh, the setup is conditional
first, the market should reached the underlined support
with current ATR on DXY, I think the market will be there next week
VasilyTrader
What do you think about DXY?
More