Hello Traders, welcome to the Weekly Forex technical analysis
. Today is August 4th, 2019 and we will be taking a look at the U.S. Dollar Currency Index on the weekly chart just to get into the calendar, and have an outlook into the upcoming week of August 4th. Looking at the Dollar Index
here on the weekly time frame, we can see the DXY
rebounded significantly from last week. Overall the DXY
is resisting against the 98.35 region if we fail to break above and move higher we will be looking for the 97.6 and 96.3 areas to act as support. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!