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U.S. Dollar Index
Short

Dollar Index (DXY): Is That a Bearish Setup 💲

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snapshot

Hey traders,

Dollar index is approaching a key structure.
The price formed a descending triangle on that on a daily time frame.

Wait for its neckline bearish breakout.
It will most likely push the index lower.
Daily candle close below 103.4 will confirm the breakout.

Alternatively, a bullish violation of a trend line may push the price higher.

Good luck!

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Candlestick AnalysisdollardollarindexDXYindexespriceactionpriceactionanalysispriceactiontradingTrend LinesTriangleUSDDJ FXCM Index
VasilyTrader
✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel youtube.com/c/VasilyTrader

✅ Facebook: facebook.com/VasilyTrading/

⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Also on:

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.