Dollar Index currently at a zone of mutual confluences coming as Support
Important day(s) for
DXY this week
Make it or Break it !
Will it Hold Uptrend?
Does Macro indicates a Strong Rallying 'Mighty'DXY up to 111 Level ?
Rate Hikes!
Inflation!
Slowed down Economy since 2020 due to Covid-19 Pandemic
War!
Arising tension on Horizon between China and Taiwan, will America intervene?
There are a lot going on for the World and theDXY
Confluences of Support Zone;
-20EMA on the Daily
-Orange Trendline Support
- 0.618 White Fibbonaci Levels (103.6 for theDXY) (also being a good stoploss for the entry from here)
*MACD signal line crossing down, weak momentum?
*RSI regular-bearish Divergence
Lagging still helpful indicators!
Today's price action of candlestick close and tomorrow's opening are key indicators to tell us howDXY will perform in the short-midd term (rest of 2022)
Until the next one with confirmations,
Trade Safe!
NOTE that this is not Financial Advise !
Pleade do your own research before basing your action soly on this idea
Important day(s) for
DXY this weekMake it or Break it !
Will it Hold Uptrend?
Does Macro indicates a Strong Rallying 'Mighty'
DXY up to 111 Level ?Rate Hikes!
Inflation!
Slowed down Economy since 2020 due to Covid-19 Pandemic
War!
Arising tension on Horizon between China and Taiwan, will America intervene?
There are a lot going on for the World and the
DXYConfluences of Support Zone;
-20EMA on the Daily
-Orange Trendline Support
- 0.618 White Fibbonaci Levels (103.6 for the
DXY) (also being a good stoploss for the entry from here)*MACD signal line crossing down, weak momentum?
*RSI regular-bearish Divergence
Lagging still helpful indicators!
Today's price action of candlestick close and tomorrow's opening are key indicators to tell us how
DXY will perform in the short-midd term (rest of 2022)Until the next one with confirmations,
Trade Safe!
NOTE that this is not Financial Advise !
Pleade do your own research before basing your action soly on this idea
Note
Here's your LONG entry now if you're impatient waiting for completed candlesticks Confirmations!
Low risk Stop LOSS
Note
Note
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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.
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.