RealistFX

DXY - THIS WEEK

TVC:DXY   U.S. Dollar Index
So the Downtrend from the March highs is still being respected on the daily timeframe.

Within this channel, we have a good bearish confluence on the 4hr TF with the H&S forming, off that 4hr resistance.

This should couple with the US stimulus to further weaken the dollar.
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.