JoshFX1

Dollar Index Heading Back Up

Long
JoshFX1 Updated   
TVC:DXY   U.S. Dollar Index
On the daily time frame the Dollar index has finally broken free from its bullish wedge. High probability that the upcoming week we shall see the dollar climb.

On all dollar pairs there's also a nice setup in favor of the dollar.
Comment:
So far only green candles after the break out of the bullish wedge ;)

DXY stil has potential to hit 98. However I am not surprised if on thursday or friday a corrective red candle will show up
Comment:
After the initial spike up it went trade sideways, creating a new upper and lower range. Shall publish a new DXY ideas with this new range on sunday
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.