DXY Weakness
97 level previous support has already been broken
now being tested, but cant close firmly above
there is also the weekly uptrend bottom channel line (purple) - confluence restance.
expect dollar weakness - ie EURUSD up, USDJPY down
lower timeframe analysis shows trendline (green) broken
now being tested, but cant close firmly above
there is also the weekly uptrend bottom channel line (purple) - confluence restance.
expect dollar weakness - ie EURUSD up, USDJPY down
lower timeframe analysis shows trendline (green) broken
Note
this looks like it could have been a false breakout to the downside as DXY is moving back into its weekly channel
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Related publications
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.