U.S. Dollar IndexShort
The image shows a chart of the U.S. Dollar Index (DXY)
The image shows a chart of the U.S. Dollar Index (DXY) on TradingView.com, as of October 6, 2024, at 05:38 UTC. The chart depicts the price movement of the DXY over a period of time, likely from August to October.
The chart displays the DXY trading within a descending channel pattern. This pattern suggests potential bearish momentum in the U.S. dollar. The current price of the DXY is 102.487, which is an increase of +0.546 (+0.54%) from the previous period. The chart also indicates the presence of support and resistance levels, which traders may use to identify potential entry and exit points.
The chart displays the DXY trading within a descending channel pattern. This pattern suggests potential bearish momentum in the U.S. dollar. The current price of the DXY is 102.487, which is an increase of +0.546 (+0.54%) from the previous period. The chart also indicates the presence of support and resistance levels, which traders may use to identify potential entry and exit points.
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