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U.S. Dollar Index
Long

Dollar Index finding support at lows. Long term view for 2018.

By Quadricolor
Updated
Here the Dollar index has hit a long term support level around 91 to 93 and recovered from these levels twice. Both times at RSI major oversold levels. Technically this enhances support for the Dollar. Looking fundamentally, the new US tax law changes and good economic data out from the US points to support of the USD. The theme for the DXY may be either a new long term range or a bullish recovery until the second half or last quarter of 2018.
Note
The support area has given away with the distinct possibility of further USD weakness and continuation of the dollar downtrend.
Note
Support area broken but potential pause around the magic round 90 mark. Could be a fake out, watch closely.
Note
Down trend has taken hold with all supports broken.
Centered OscillatorsDXYdxylongFundamental AnalysisSupport and Resistance
Quadricolor

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