nmike
Short

DXY weekly (update)

INDEX:DXY   U.S. Dollar Index
900 12 5
DXY             is showing a Head & Shoulder pattern and has broken the top ( trend line ) of the blue channel.Failure to hold at bottom of reference channel the next target is the first support line or the bottom of blue channel. Blue dots are pivots used to draw channels.
...new CLONE has to added on top of reference channel
+1 Reply
Care to give another try at this one?
+1 Reply
nmike MOD QuantitativeExhaustion
@JR, the reference channel support / resistance worked out well and now the blue channel is acting as good support, currently price is above top resistance line therefore I consider it bullish at the moment. The Fisher / Trix sytem is showing an up move, if it breaks the trend line then most likely the 34ma or 82.4 is the next near term target
snapshot
+1 Reply
time for an updated chart with new clone @nmike
+1 Reply
DXY currently at channel resistance , if we break to the upside next long term target is around 88
+1 Reply
So you also have dollar going to 88 .,. probably right
+1 Reply
....update....a nice clean break above resistance, next near term target likely to be the top of reference channel
+1 Reply
If you double cloned the ascending channel, where would you run into the top of the square clone?
+1 Reply
....DXY finished the week at KEY RESISTANCE, if trend continues DXY is likely to hit the top of REFERENCE channel
+1 Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
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 Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out