U.S. Dollar Index

Updated

DXY at critical level

DXY dollar index on 1M time frame looking from TA very bullish. we broke out falling wedge and form consolidation what is usualy bullish signal.

The price on 1D chart we go over previous high that is first bullisg signal but for now strugel at support:
1D chart:

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Bearish scenario -- good for crypto

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bullish scenario --bad for crypto

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we need to wait what the price will develop.

Note

sory original picture is mess. i deleted LTF coments to beter see 1M picture

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Note

for now its looking like consolidation of DXY index.

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Note

Now DXY showing weekness. we are making LL and LH. for now we are in down trend.

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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.