Dollar Index broken weekly upper range
Great news for Dollar bulls. On the weekly time frame the dollar index has finally broken the upper range.
This is a strong indication that we might finally see a trend reversal and a stronger dollar over the next weeks.
Previous down trend lasted 25 weeks if you start counting from the start of the channel.
If you like to hold position for a few days and make good pips then next week look for buy entries on the daily and 4 hour time frame.
This is a strong indication that we might finally see a trend reversal and a stronger dollar over the next weeks.
Previous down trend lasted 25 weeks if you start counting from the start of the channel.
If you like to hold position for a few days and make good pips then next week look for buy entries on the daily and 4 hour time frame.
Note
Good start of the week :) DXY target 96-98
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.