Get started
Lanmar

US Dollar Index Update (from 5 years ago today)

Long
U.S. Dollar Index (TVC:DXY)  
Lanmar Updated   
TVC:DXY   U.S. Dollar Index
Chart Patterns DXY EURUSD
15
3
chartpattern dxy eurusd
DXY, also known as the US Dollar index is tightening up around a breakout spot from a 6 year rectangular consolidation. Continued upside is very likely.

Original DXY analysis published 5 years ago today on July 1st 2017 (click to open):
US Dollar Index: Long Term Cyclical Forecast Possibility
Comment:
The 12 month candle chart suggests to me this move has a lot more to go on a much longer term basis.

Do not underestimate momentum

snapshot
Comment:
Seeing some calls of a major top on DXY. Still too soon to make that call as it hasn't even hit next key support yet.

Uptrend still intact:
snapshot
Comment:
First big resistance at 111.35 hit today. This is a trim spot. Could see the beginning of a cooling off period develop
snapshot

Related Ideas

Lanmar
US Dollar Index: Long Term Cyclical Forecast Possibility
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.