Yuriy_Bishko

Dollar Index (DXY) is close to Sell Zone!

Short
TVC:DXY   U.S. Dollar Currency Index
The price is moves in the upward channel.
Now it's close to higher border.
Huge probability it will bounce and move down to Support/Resistance Zone.

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Comment:

Comments

I think the USD currency Index chart is laughable. I say this because the value of USD is certainly not being reflected in the cost for things in the US. If the value of a currency is strong and growing, then that means it should have more buying power. Thus, prices should be lower. But that is clearly not the case here. The dollar is showing strength on the charts while prices keep increasing. Something is obviously wrong.
+1 Reply
@kardia, maybe you are right! it's just technical picture
Reply
meaning gold can go up? but it has more sellers today...
+1 Reply
kardia anand1988
@anand1988, some traders have success in moving in the opposite direction of the herd.
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@kardia, also some traders lose their money in such way
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Yuriy_Bishko anand1988
@anand1988, if it will bounce from mirror level. look at my gold chart
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