DOLLAR INDEX - DROPPING, BUT COULD WE LOOK LONG ?
Hey everyone, In this technical analysis I am back with the outlook on the Dollar Index. I will present to you the recent price action on this index. As well as some different thoughts I tried to announce in there to further strengthen your analysis; this is for those keeping an eye out for both bullish and bearish sentiment.
Although fundamentally as well as long term our mindset is bearish for this index, this is more of a bullish outlook. I want you to understand there is much more to the analysis, and this is a strictly probability considered situation. Due to the fact that we are trading off an expansive and impulsive move to our level, we're keeping a close eye on candlestick reversal patterns and patterns in real time on lower timeframes, that will be increasing our odds to catch any moves even if that is just a minor pullback up.
I tried to put strong information relevant to the price action on the current chart, so it should be pretty self explanatory. In case you have any questions at all, feel free to drop me a personal message or drop a comment below.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Although fundamentally as well as long term our mindset is bearish for this index, this is more of a bullish outlook. I want you to understand there is much more to the analysis, and this is a strictly probability considered situation. Due to the fact that we are trading off an expansive and impulsive move to our level, we're keeping a close eye on candlestick reversal patterns and patterns in real time on lower timeframes, that will be increasing our odds to catch any moves even if that is just a minor pullback up.
I tried to put strong information relevant to the price action on the current chart, so it should be pretty self explanatory. In case you have any questions at all, feel free to drop me a personal message or drop a comment below.
Follow me for free, consistent, expert updates, with clear explanations and charts.
Please like if you support this post!
- Sharing Profit
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
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.