DXY Weekly - possible trendline rejection.

29 thg 9, 2020

Disclaimer - I am not a financial advisor.

The current weekly candle (wait for the candle close!) will decide whether
the DXY is having a major rejection of the trendline that dates from 2011 (trendline in red connecting the lows)
or
if we see the USD faking it out and disregarding it totally.

29 thg 9, 2020

Ghi chú

Furthermore...there is always a possibility of support a bit lower:

5 thg 10, 2020

Ghi chú

1) If RSI trendline (Arrow in red) holds then price action should revert at the current trendline (Arrow in white).

2) In case this trendline does not hold trendline with yellow arrow should provide support.

9 thg 10, 2020

Ghi chú

DXY breaking down support: