U.S. Dollar Index

DXY, what, when & why?, through patterns

H!, trying to give some reasons behind the DXY movement during previous few months and weeks using patterns

going to add few more graphics below

hope u like it

thanks

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so DXY now moving within a lower low LL channel

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in day time frame , DXY is following this pattern

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progress, again testing the lower tl

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progress lower inside break out zone, trying to take support at the low but a LL pattern

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also trying to form a HH pattern and riding it but now testing the above LL pattern high

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progress of the dxy idea bo of the consolidation under resistance from a tl

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above level would act as resistance

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gto resistance from the 12M lvl

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got resistance from the above 12M level now testing the lower one

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progress, now testing the lower tl

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able to took support at the below HH tl, now trying to break the above level a weekly level , lets see

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nice support

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again getting resistance

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got resistance from the above tl , few more patterns

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dxy progress near the weekly ib level

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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.