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.
FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus https://youtu.be/NjTdvALChwk ]

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out