A deviation in trend from the interest rate expectations pushed the index lower throughout 2017. The hawkish outlook of the fed & already high interest rate (compared to other major central banks) haven't stopped a push lower. Always good to keep a look at the dollar index before making trades involving it.
Technicals
The fairly recent break below the 200DMA gave expectations for a continuation of the 2017 bearish sentiment.
Price currently sitting around an area that has acted as a good pivot point all the way back to 1999
.382 retrace off 2008 lows acted as support in september 2017
"Very Nice Chart Post" --- "Thanks"
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This is "MY" opinion only. --- "1-10-2018"
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"DXY" -- Should Be Completing Wave "ONE" Down From The January, 2017 High = 103.82.
In A Few Years the March, 2008 Low = 70.70 --- Should Be Taken Out.
"IF" the January, 2017 High is taken out first the March, 2008 Low may not be taken out. (Any time soon)
==================================================================================================
This is for information only. --- This "Is Not" a trading recommendation.
=================================
This is "MY" opinion only. --- "1-10-2018"
----------------------------------------------------
"DXY" -- Should Be Completing Wave "ONE" Down From The January, 2017 High = 103.82.
In A Few Years the March, 2008 Low = 70.70 --- Should Be Taken Out.
"IF" the January, 2017 High is taken out first the March, 2008 Low may not be taken out. (Any time soon)
==================================================================================================
This is for information only. --- This "Is Not" a trading recommendation.