DXY Chart Analysis....
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Dollaridea
Dollar Index Chart Analysis....
In this situation DXY chart Breakout symetric triangle pattern.So, market need
seems buy correction @ 107:830 and 110:150 resistance level. Then sell to 103.730 support
zone. If breakout 113.500 resistance level, then market Buy UP to 115.250 resistance level.
AronnoFX will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
If you like this idea, do not forget to support with a like and follow.
Traders, if you like this idea or have your own opinion about it,
write in the comments. I will be glad.
Dollar index bouncing nicely off major support!The dollar index is bouncing strongly above major support at 93.39 (Multiple Fibonacci retracement, Fibonacci extension, Horizontal overlap support, bullish price action). The next major level of resistance is at 94.28 (61.8% Fibonacci extension, 100% Fibonacci Extension, Horizontal overlap resistance). The next major level of support is at 92.26 (Fibonacci retracement, horizontal swing low support).
Stochastic (34,3,1) is bouncing nicely off our 2.8% support and has good upside potential.
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