US Dollar Currency Index / W / Weekly Forex Analysis / 7.7.2019

7 thg 7, 2019

Hello Traders, welcome to the Weekly Forex technical analysis. Today is July 7th, 2019 and we will be taking a look at the U.S. Dollar Currency Index on the weekly chart just to get into the calendar, and have an outlook into the upcoming week of July 8th. Looking at the Dollar Index here on a weekly time frame, we can see the DXY rebounded significantly from last week. Overall the DXY picked up a lot strength heading into this week and will be looking at 97.63 and 98.34 as resistance areas. On the other hand if we don't get any momentum to the upside, we will be looking for 96.02 for an area of support. If that breaks, our next level of support would be looking for is the 95.08 region. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!