InvestingScope
Long

Dollar Index: Long opportunity on 1D and 1W.

TVC:DXY   U.S. Dollar Currency Index
DXY is currently on a Higher Low mark within the 1D Channel Up ( RSI = 46.563, ADX = 18.030, MACD = 0.030, Highs/Lows = -0.1686). A rebound is expected from the current level but if that fails, the 1W Channel Up ( RSI = 52.527, MACD = 0.430, Highs/Lows = 0.0000) will provide the last support level at 95.80. On a long term basis the Dollar Index remains a buy opportunity and our TP is 98.00 with 98.00 as the extension.





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