The Dollar Index DXY
The Dollar Index #dxy has remained in a falling Wedge since November 2022 - 8 months!
This has given a rise in market capitalisation in Stocks and even speculative assets like Bitcoin.
The falling Wedge will Rise!
DXY current: 100.2
Up resistances: 102.4, 105.3, 107.5
This has given a rise in market capitalisation in Stocks and even speculative assets like Bitcoin.
The falling Wedge will Rise!
DXY current: 100.2
Up resistances: 102.4, 105.3, 107.5
Note
DXY has begun its rise!Up resistances: 102.4, 103.8, 105.3, 106.4, 107.5
Current Price point: 101.3
If #dxy cannot stay support at 101.2 then a retest of 99.8 is probable.
Note
DXY currently finding rejection at angled resistance above.Up resistance 102.4 hit
A retrace is expected to try for higher targets
Note
DXY currently breaking out of falling wedge...Note
103.8 breached...Note
105.3 breachedNote
106.4 breachedTrade closed: target reached
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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.
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.