Hello Traders, welcome to today's analysis of Dollar Index.
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Explanation of my chart analysis:
DXY (Dollar Index) has been forming a triple bottom all the way back in 2008 and has been rising ever since. With the recent break above the psychological $100 level, the DXY is once again confirming the bullish strength. If DXY doesn't break below this area, I am targeting new swing highs.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
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Explanation of my chart analysis:
DXY (Dollar Index) has been forming a triple bottom all the way back in 2008 and has been rising ever since. With the recent break above the psychological $100 level, the DXY is once again confirming the bullish strength. If DXY doesn't break below this area, I am targeting new swing highs.
--------
I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.