madebyforex

An update on my last DXY idea

Short
TVC:DXY   U.S. Dollar Index
Updated TA from my previous post. This time on the 4H.

Sellers held 100.75 and are now fighting for 99.80. If buyers take control here then we'll see a possible technical event in the yellow box with a confluence of:

-multiple moving averages
-100.00 handle

where sellers can reject price from once again.

Biased to the downside for reasons stated previously.

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.