ICEUS:DXY   U.S. DOLLAR CURRENCY INDEX
DXY touched a critical support trendline formed from the Feb 2018 and Jan 2021 lows,
and is now hovering just above that line.

Also, at the end of Mar 2021, DXY was rejected at the 300 EMA ,
which was previously a significant support :



Now DXY is in a tight spot between the descending 300 EMA and the critical support trendline.

I think that the next few days will be critical,
so I will be keeping an eye on this.

// Durbtrade
Comment: Here we are :

Comment: And here is the 1 week view, zoomed out :

Comments

Agreed ! :)
+1 Reply
Durbtrade Sneaker_Wave
@Sneaker_Wave, nice!
Reply
Sneaker_Wave Durbtrade
@Durbtrade, "16D" Could go very bearish or very bullish ... or as always the third option sideways

ugly chart all the same :)

+1 Reply
Durbtrade Sneaker_Wave
@Sneaker_Wave, wow that image says alot... I hadn't considered looking at it with the ribbons. First thing I thought of when I looked at that image, is that DXY is going down! hmmm either way, you can make an ugly chart look beautiful! thanks for the input and feedback!
+1 Reply
Sneaker_Wave Durbtrade
@Durbtrade, thank you for your kind words :)

i really enjoy using color on my charts
+1 Reply
Sneaker_Wave Durbtrade
@Durbtrade, last overthinking thought rsi set to 89

rsi > 60 to me = bullish ...

+1 Reply
Durbtrade Sneaker_Wave
@Sneaker_Wave, haha you've definitely got a point there, sneaker wave
+1 Reply
Sneaker_Wave Durbtrade
@Durbtrade, :) I like charts that go up :)
Reply
Durbtrade Sneaker_Wave
@Sneaker_Wave, agreed, as long as that chart doesn't make another chart that I am invested in go down
Reply