Ocean98

DXY OUTLOOK

Long
TVC:DXY   U.S. Dollar Index
Dollar Index looks Bullish on higher time frames, we have seen the major breakout on the weekly chart, the market took out the previous Lower high and the 105 range. currently we see a nice retest on the both mentioned areas, i am honestly expecting the bulls to resume their buying momentum between the 2 holding support levels 93.468 and 93.271. the counter trend also provides more confluence along with the 9,21,50 Exponential moving average cross over. I do anticipate a bullish move for the coming week but bears can be seen during market open throughout London Open.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.