SamKent

Dollar may have to slow down for the next couple of weeks

INDEX:DXY   U.S. Dollar Index
28 0 2
The Dollar's rally has been impressive to say the least, looking at the weekly line chart, we can see the straight shoot up bull move of recent weeks. In terms of the technical outlook, the Dollar seems prime for a slowdown, looking at recent RSI overbought points, we can see that they proved quite significant. To add to that, price looks to be running into the current ascending channel resistance line. This all means to us that it may be time to lower some of our current exposure to the Dollar, it does not however change our overall bullish bias and outlook for the greenback.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out