TradingView
InvestMate
Dec 20, 2022 2:11 PM

💲Dollar However, Chooses The South💲 Short

U.S. Dollar Currency IndexTVC

Description

â‹…
💲Dollar However, Chooses The South

💲Looking at the dollar's behaviour today, we can see that it has rebounded from a strong resistance zone and started a southward movement.

💲As recently as yesterday, it could have been assumed that we would see an upward correction.

💲But the market today dispelled all doubts.

💲Looking at the technical environment, given that we are under the two moving averages 50 and 200 and the MACD and RSI are generating downward signals. I have no doubts about the continuation of the downward movement.

💲The scenario I am playing out is a continuation of the declines to the defined support zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Comments
ChartJunkee
â‹…
until we break 103.400 I'm expecting to see 115 and beyond. we are at a strong weekly support level
InvestMate
â‹…
@ChartJunkee, Thanks for your insights
RLinda
â‹…
Thank you for your work, very valuable analysis)
InvestMate
â‹…
@RLinda, You're Welcome!
InvestMate
â‹…
Do you expect the downward wave to continue?
More