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RamziAbouAbdallah-CMT

Dollar Index -01/03/2023-

U.S. Dollar Index (TVC:DXY)  
RamziAbouAbdallah-CMT  
TVC:DXY   U.S. Dollar Index
Support and Resistance Trend Lines Fibonacci dollar dollarindex DJ FXCM Index Technical Analysis Forex Currencies currency
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supportandresistance trendline fibonacci dollar dollarindex usdollar technicalanalysis forex currencies currency
• Rising wedge on daily chart, a bearish pattern
• 105 offering resistance, limiting gains near term
• Next resistance is in mid 105s, 38.2% of Nov-Feb decline
• Upside is starting to lose traction, we are still in correction mode
• Levels to watch: 105 on the upside, 104 on the downside (today's low and wedge support)
Ramzi Abou Abdallah, CFTe, CMT

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