DXY (US Dollar Index) Ideas on Daily Time Frame
Here's my analysis of the DXY on the daily timeframe:
After a significant decline in the US Dollar Index over the past few weeks, it has recently formed a bullish impulse pattern, suggesting a potential reversal upwards. The price has broken through a key resistance level, indicating a strong bullish momentum.
I anticipate the market to undergo a minor correction before continuing its upward trend.
What do you think? Comment your thoughts.
After a significant decline in the US Dollar Index over the past few weeks, it has recently formed a bullish impulse pattern, suggesting a potential reversal upwards. The price has broken through a key resistance level, indicating a strong bullish momentum.
I anticipate the market to undergo a minor correction before continuing its upward trend.
What do you think? Comment your thoughts.
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.
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.