skrotkalle

Watch for eventually DXY bottom/bounce soon....(daily-chart)

Long
skrotkalle Updated   
TVC:DXY   U.S. Dollar Index
Fib 1.618 at 92.684 can be a turningpoint for up ??.... watch priceaction, candles, wicks, any news that could be bullish for US-dollar coming days/weeks in May now.... Also oil and metalls can give some dowm-movement then....
Evt upside.... ?.... have fib 0.5= 96.580 and fib 0.618= 97.500 >>> blue box......
Notice the bullish divergence in all three indicator's RSI, MACD, MOM......
Trade closed: target reached:
Didn't trade it, but it seems upper target is reached.....
Haven't studied yet, if it will go higher or turn down here....
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.