U.S. Dollar IndexShort
DXY Technical analysis
The 4-hour chart of dollar index is currently trading around its supportive trendline.
But a death cross has happened in ichimoku indicator which suggests weakening of trend.
If trendline is broken we can expect the selling pressure to increase.
On the contrary if the trendline holds,we can see an upward movement till the resistance
But a death cross has happened in ichimoku indicator which suggests weakening of trend.
If trendline is broken we can expect the selling pressure to increase.
On the contrary if the trendline holds,we can see an upward movement till the resistance
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.