The DXY Dollar Index Chart

TVC:DXY   U.S. Dollar Currency Index

Here's an H4 chart on the DXY . And as we know, this chart shows the strength of the Dollar haven factored in fundamentals (bearing in mind that the markets are efficient)

Technically, we see that structure support was broken and we had the formation of a descending triangle pattern. We're however experiencing temporary strength in the market as well as approaching structure around 95.50 region. If this area serves as resistance, then we expect weakness on the dollar overall and bullishness in major pairs having the USD as base or quote.

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.