PCMBrokers

The dollar index is in the crossroad of rising or falling

Short
TVC:DXY   U.S. Dollar Index
The dollar index has once again hit the resistance of the downward trend line. It looks like the dollar index is forming a double top pattern. It is expected that the index will experience a fall from the range of 105.00

Breaking this range to the top will be an ominous sign for asset risk, and we should also wait for more currencies to fall against the dollar.

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.