TSLG

Dollar Index - Big picture

INDEX:DXY   U.S. Dollar 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.
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out