VasilyTrader

DOLLAR INDEX: Important Warning!

Short
TVC:DXY   U.S. Dollar Currency Index

dollar index has finally reached a resistance line of a rising channel on daily.
there is a high chance to see a strong bearish wave but
for confirmation, we are waiting for a bearish violation of a rising wedge pattern
within the channel.

Target level will be based on horizontal structure and support of the channel - 97.50.

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Comments

Good post. The dollar has a reasonable probability of tanking, based on QE4 effects. But strange things to happen. I agree with your analysis.
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