DXY WEEKLY CHART Long

U.S. Dollar Currency IndexTVC

Description

⋅ Jan 6, 2023 10:39 AM

Looking at the dollar index, price has retraced back to its previous resistance zone/area turning it to support. If the current weekly candle closes in this manner which is a bullish engulfing pattern. I'll be expecting to see DXY gaining strength.

Support and Resistance Candlestick Analysis

Comments

Soheilyns

⋅ Jan 7, 2023 1:14 PM

The reverse hammer is another confirmation for a uptrend