DXY, also known as the US Dollar index is tightening up around a breakout spot from a 6 year rectangular consolidation. Continued upside is very likely.
Original DXY analysis published 5 years ago today on July 1st 2017 (click to open):
Original DXY analysis published 5 years ago today on July 1st 2017 (click to open):
Note
The 12 month candle chart suggests to me this move has a lot more to go on a much longer term basis. Do not underestimate momentum
Note
Seeing some calls of a major top on DXY. Still too soon to make that call as it hasn't even hit next key support yet.Uptrend still intact:
Note
First big resistance at 111.35 hit today. This is a trim spot. Could see the beginning of a cooling off period develop
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.
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.