going up

seems there's no more down beating drum for DXY (as far as I believe).

it stayed above 20MA on daily in the past whole week whenever it got the chances but simply didn't break through. On 4H it also showed similar act against 100MA.

it has now reached to the very edge of the lower end of newly formed rising channel so I expect it to rise if no major news event hits on it.

GL
Chart PatternsDXYdxylongTrend AnalysisDJ FXCM Indexusdollarlong

Related publications

Disclaimer