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TheCaffeinatedTrader

DXY - Shooting Star and Rejection off 1.272 Extension

Short
U.S. Dollar Index (TVC:DXY)  
TheCaffeinatedTrader  
TVC:DXY   U.S. Dollar Index
Trend Analysis Candlestick Analysis Support and Resistance Technical Analysis Forex DXY short candlestickpattern forexsignals
5
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trendanalysis candlestick supportandresistance technicalanalysis forex dxy short candlestickpattern forexsignals
The weekly chart completed a beautiful shooting star candlestick pattern with a bearish bias right at the 1.272% Fib extension. This is signalling more short moves in the near future. Based on the baseline trend line drawn here and the 100% retracement level, I believe we should at least see a short move down to the 95.15 price level.
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