Captain_Walker

DXY Weekly: US Dollar into a critical range.

TVC:DXY   U.S. Dollar Currency Index
The strength of the USDollar DXY is looked at from a Weekly perspective. It represents the strength of USD against 6 other currencies.

1. There is a broad band of possible fragile support.
2. The 200 EMA is some indication of probability for the north or resistance to moving far further south of it. However this is not a prediction.
3. Notably the RSI on this time frame is quite low. Whilst RSI's are not entirely reliable, history has shown a propensity for low RSI's on the weekly DXY to be rejected - even for a few weeks.

What it means - if there is a weekly reversal - is that probabilities in lower time frames could be better estimated across some USD pairs.
Chance is about probability. Risk involves taking a chance. Gambling is about taking chances with your eyes closed. Professional traders do not gamble!
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out