US Dollar Currency Index / D / Weekly Forex Analysis / 4.21.2019
Hello Traders, Happy Easter and welcome to the Weekly Forex market analysis. Today is April 21st, 2019 and we will be taking a look at the U.S. Dollar Currency Index on the daily chart and take an outlook into the upcoming week. Looking at the Dollar Index here on a daily time frame, we can see a rising wedge type formation still playing out for a few months now. Last week we were looking for the retest of 97.701 area didn't quite get to the top of the wedge. Overall on the week the dollar has gained some bullish momentum and strength, threatening the highs of 97.701. We are going to be watching this area again into this week of 4/22/19. If we can break out of this 97.701 area which is acting as major resistance we can possibly see continuation towards the 98.687 area. On the other hand if we don't see a rally towards 97.701, then be mindful of a possible retest of support near the 96.288 area. We are so thankful to have you tune in, please feel free to write a comment or leave feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
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