TVC:DXY   U.S. Dollar Currency Index
Greetings Traders,this is my analysis for Dollar Index and it is Long.

On the chart we can see how the price reacted during these months as we can see the price at the end of November and December the price had a downtrend movement and broke through this level. And stopped only at the Support line.

The price has started a new growth as we can see on the chart.

On the indicator we can see a preparation for a Uptrend Movement.

Traders please make your own analysis before trading.

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Comments

You don't see the head and shoulders that just broke the neckline? Also re-entered its descending channel. Bearish looking IMO.
+1 Reply
Zaks_ForexSignals1 Gorilla_Assassin
@Gorilla_Assassin, We should wait,i also saw that has broke the neckline and we will see if the price can reject that and go for a uptrend movement,maybe it is testing itself for the Uptrend Movement.Patience is the key :) Thanks for your comment
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Lets see
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Where are the fundamentals? Gonna pass on this.
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interesting :) lets see if USD continues to be bearish or we get reversal price action to go up
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wont it break lower because of the dollar reflation?
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good work buddy
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@Fisher_Fx, Thank you
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Thanks, it's very helpful!
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