U.S. Dollar IndexShort
#DXY 1W chart
Let's update our #Dxy 1W chart;
100$ already seen.
The pattern I mentioned before continues, I was wondering if it would only go up one more round, but it did not allow it.
* Weekly close came below the trend line.
* It gave a mismatch signal.
* For the first time in 2.5 years, it closed below the 200 EMA on a weekly basis.
After OB fills the resistance zone (gray box), it may rise again for an up retest.
If it closes below the blue line, the decline may deepen.
Why is DXY important for us?
100$ already seen.
The pattern I mentioned before continues, I was wondering if it would only go up one more round, but it did not allow it.
* Weekly close came below the trend line.
* It gave a mismatch signal.
* For the first time in 2.5 years, it closed below the 200 EMA on a weekly basis.
After OB fills the resistance zone (gray box), it may rise again for an up retest.
If it closes below the blue line, the decline may deepen.
Why is DXY important for us?
For more you can follow me on X. @UgurTash
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.
For more you can follow me on X. @UgurTash
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.