#DXY Is dollar going to surge higher again in 2020? - Analysis

TVC:DXY   U.S. Dollar Currency Index

Although the dollar has been very weak lately especially in Jul 2020. If we read and trust media reports, they are painting a catastrophic picture of dollar. But we go to the higher timeframe and start to put things in perspective, it starts to form a contrarian picture of dollar. In this analysis, I take top down approach in the analysis from Monthly timeframe to all the way 4H time frame to see what actually has been happening. Although, this is a technical analysis point of view and ignores fundamentals completely, I am sure that it is interesting to see what market is telling us from the charts.

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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions.


agree too about your analysis, in 1day chart it is not showing proper morning star to start raising the market.
Nice analysis.
+1 Reply
vikinsa venxy21
@venxy21, Thanks that is why there is chance of it falling down to 91.93
+1 Reply
venxy21 vikinsa
@vikinsa, yes, I was too waiting for the consolidation area in the chart.
I really enjoyed your nice technical analysis.
yes I'm agree, it seem dollar at least seeking for a correction toward 94 and 94.50.
on the other side, the rival, Euro has reach to years resistance around 1.1910
so if we put this together probably short term bulls should appear
let's see...
+1 Reply
vikinsa Masih-Iran-Spain
@Masih-Iran-Spain, Thanks. Yes I agree with your comments
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