TSLG

Dollar Index - Big picture

INDEX:DXY   US DOLLAR CURRENCY INDEX
Very interesting dynamics at play in the dollar. Keep an eye on the price action here. Price is currently at point A where there is a confluence of resistance levels.

Price rebounded from the blue channel a few weeks ago but there is no follow through yet. If you have a bearish bias the next drop could go as low as point B where we have a confluence of support levels. The question then is if price drops from here or if the dollar manages to first rally up to the upper side of the red channel, to subsequently drop from there.

In any case, it looks like we might be witnessing one more dollar rally followed by price action to the downside.

Hard to say if these moves will be explosive in nature but we should keep in mind that dollar volatility is currently at its lowest level for a what is now a very long time.

Worth observing how the indices behave while dollar price action is unfolding the coming days/weeks. Nasdaq & SPX             analysis linked to this chart.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out