DXY - Technical Overview
(Or why the markets are moving sideways)
In what appears to be a truncated falling wedge with a bullish outcome. Not resolved until late May.
(Currency futures expiry follows a couple of weeks later June 16)
It also appears just day to day now to be in some sort of abc pattern, even extending to d,e possibly. Reflected in the EU. Metals - Silver into an abc corrective wave, gold - no idea right now - overall still bearish.
In what appears to be a truncated falling wedge with a bullish outcome. Not resolved until late May.
(Currency futures expiry follows a couple of weeks later June 16)
It also appears just day to day now to be in some sort of abc pattern, even extending to d,e possibly. Reflected in the EU. Metals - Silver into an abc corrective wave, gold - no idea right now - overall still bearish.
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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.