U.S. Dollar IndexShort
DXY Perfect Sell on the 1day MA50
The Dollar Index hit yesterday the 1day MA50 after it first started its long term downtrend and today the price reached the top of the Channel Down pattern. So far the price is reacting in the expected technical way, a rejection at the top. As long as it holds, it is a perfect sell entry. Expected target a -4.25% fall at 99.600.
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TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
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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.