U.S. Dollar Index

DXY - Pushing higher

By pedrogarrinhas

Updated

It looks as DXY might be forming some bullish patterns.
I was expecting a W but a Cup and Handle seems at the moment more likely.
Waiting to see how it evolves.

I am not a financial advisor.

Note

Middle channel trendline Support + bullish divergence on the 4h.

snapshot

Note

Bearish View - both indicators RSI && Stoch RSI pointing down
Bullish View - Price Action Possible bullish retest of the downslopping trendline.

Note

DXY continues to break higher.
Currently looking at the 618 level.

DXY looking strong here...

snapshot

Note

Interesting DXY Daily RSI

snapshot

Note

DXY breaking down on the 15min lol

snapshot

Also on:

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.