Dollar Index BasketShort
US Dollar Index - SELL?
I may be completely wrong, but here's a possibility.
We have a double Inside Bar on the Daily Chart.
Price didn't reach the bottom of the falling channel, so this bullish action might simply be an over correction.
We could meet the top of the Daily Inside Bar range, then fall back into the channel.
We know the US economy isn't as strong as it's made out to be, so I will be surprised if we see another medium term all to the upside without some more consolidation.
We have a double Inside Bar on the Daily Chart.
Price didn't reach the bottom of the falling channel, so this bullish action might simply be an over correction.
We could meet the top of the Daily Inside Bar range, then fall back into the channel.
We know the US economy isn't as strong as it's made out to be, so I will be surprised if we see another medium term all to the upside without some more consolidation.
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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.