Dollar Index: Sideways opportunity on 4H.

TVC:DXY   U.S. Dollar Currency Index
DXY has successfully tested the 92.50 Support today twice. If it holds then on the 4H chart ( RSI = 39.680, MACD = -0.240, ADX = 46.240) then that is a solid sideways opportunity within the Support and the 94.00 Resistance (which has also been tested twice (red arrows). As you see the MACD pattern is quite similar with that of the June consolidation.

** If you like our free content follow our profile to get more daily ideas. **

Comments and likes are greatly appreciated.
High quality portfolio management, asset allocation with excellent risk management. Grow your account, achieve steady profit levels and increase your trading edge with InvestingScope (