DXY Sell signal after a Death Cross. Short

U.S. Dollar Currency IndexTVC

Description

⋅ Mar 27, 2023 10:10 PM

The Dollar Index is trading under a Falling Resistance and the MA50 (4h).
The Death Cross a week ago has confirmed the continuation of this short term bearish trend.

Trading Plan:
1. Sell as long as the price remains under the Falling Resistance.

Targets:
1. 100.850 (Support 1).

Tips:
1. The MACD (4h) is about to make a Sell Cross. It will be the final confirmation of the sell signal.

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Comments

LegionQ8

⋅ Mar 28, 2023 11:45 AM

Good us dollar index idea, it's really possible scenario

WalterMoon

⋅ Mar 28, 2023 11:27 AM

Thanks for awesome explanation of current market situation

FirstNameHelen

⋅ Mar 28, 2023 11:25 AM

Interesting analysis, appreciate your efforts

RLinda

⋅ Mar 28, 2023 7:10 PM

Very professional work! Clear chart with a good description of the scenario.

JoeChampion

⋅ Mar 28, 2023 4:02 PM

I agree on USD weakness, thanks!

Donnyboy123

⋅ Mar 28, 2023 3:58 PM

I agree completely, not only on a technical but a fundamental point of view even more so