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Dollar Index: Double Long opportunity. Still bullish.

Long
U.S. Dollar Index (TVC:DXY)  
InvestingScope  
TVC:DXY   U.S. Dollar Index
Trend Analysis Chart Patterns Technical Indicators dollar dollarindex Dollar Index Futures DX1! DXY DJ FXCM Index USD Forex Currencies currency
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trendanalysis chartpattern indicator dollar dollarindex dx1! dxy usdollar usd forex currencies currency
DXY continues to trade on the 1W Channel Up started on May 2018. With 1W technicals mostly neutral (RSI = 53.089, ADX = 18.480, Highs/Lows = 0.0000, STOCH = 48.384) the pattern is indicating that we are on possible rebound levels. As seen on the chart the price is on the inner supporting line of the Channel (A). Technically the maximum downside is on the outer layer (B). That is a double long entry opportunity, TP = 98.00.






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