Hoag
Long

Weekly chart is well supported our bullish view

INDEX:DXY   US Dollar Currency Index
Talking Points:

  • DXY Technical Strategy: Bullish
  • Support: 96.80, 96.29, 95.55
    Resistance: 98.46, 99.66, 100.34

The DXY             is maintained its bullish momentum after bearish trendline channel and not changed from our earlier post. Testing its bullish trendline . Break of it will expose next support level at 96.80 followed by 96.29. Alternatively, move above the 98.00 will test next resistance zone at 98.46.

Elliottwave perspective we support this bullish momentum in immediate near term future, and predicting primary for flat correction or triangle formation for wave 4. On alternate, this move already in move for wave 5. In both cases, we are bullish for dollar and believe it will be continue for near future. To receive instance trade update and analysis, please subscribe us on twitter handle @hoagtrading
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out