U.S. Dollar IndexShort
dollar index in 1h
DXYAccording to what you see in the chart , I think it's more possible for dollar to become weak in the market very soon .
as you can see :
1.the uptrend line is broken
2. price is moving in descending cannel
3. it's now moving to touch top of the channel + act as a pullback to the broken trend line
4 there is also 0.618 Fib Retracement ahead
also cheek my analysis about DXY in weekly timeframe
Related publications
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.
Related publications
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.