Get started
makuchaku

DXY heading to a "forced" demand area. Looking for a rebound.

Long
U.S. Dollar Index (TVC:DXY)  
makuchaku  
TVC:DXY   U.S. Dollar Index
Supply and Demand Pivot Points DXY dollarindex dollar
3
0
supplyanddemand pivotpoints dxy dollarindex dollar
In Jan 2018 DXY broke below it's pivot lows, accumulated for 4 months and then rebounded sharply - leaving a ton of sellers in pain. When price reaches back to their location - the'll look to break even (meaning will create forced demand).
DXY could experience a rebound in that zone.
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.