As the title says - DXY could be getting close.
Just a simple chart here.
Notice how price is rolling to the upside and hugging the moving average.
Long term breakouts usually come from smooth ascents, not jerky sudden impulses.
Higher highs and higher lows.
This also has significance for stocks - see linked threads for my take.
Not advice.
Just a simple chart here.
Notice how price is rolling to the upside and hugging the moving average.
Long term breakouts usually come from smooth ascents, not jerky sudden impulses.
Higher highs and higher lows.
This also has significance for stocks - see linked threads for my take.
Not advice.
Note
It could be 4 bullish weekly candles in a row. Other than at a bottom if this week closes green it will be the first time its happened since the bull run in 2018.Note
Upside breakout and today is a new high for the year.If price can hold above then it should coast to $94.6 resistance without too much fuss.
Note
Now looking very likely that this is the beginning of the DXY bull run. Hold on to your hats. 🎩👒
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Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
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.