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U.S. Dollar Index
Short

Another drop to 104.00 remains in store

49
DXY manages to pick up extra pace and extends further the bounce off multi-week lows around 104.00 on Thursday.

In case bears regain the upper hand, the breakdown of the November low of 103.98 (November 14-15) should pave the way for a quick test of the critical 200-day SMA at 103.61 prior to the weekly low of 102.96 (August 30).

In the meantime, while above the key 200-day SMA, the outlook for the index is expected to remain constructive.
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Chart PatternsDXYdxyanalysisdxyshortdxysignaldxytradeTrend Analysis
tradingconmike
🟢Free Signals:
t.me/forextradingfusion

🔴Contact:
t.me/tradingconmike1
Also on:

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.