U.S. Dollar Currency Index

TVC

DXY (Derived Data)

Hi Guys Thanks to everyone who recently followed me on here This is my longer term outlook and what I'm seeing at the moment and believe is a good time to position in longer term trades and bias

BULLISH DXY (90 PIPS)

CAD NEWS

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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 -...

IF MAJOR RESISTANCE IS BROKEN

Expecting price to retest previous structure before a possible 50 - 100 pip decline. If price breaks support, I will be expecting a retest before going short. My bias is Short so i will only get in if price meets my requirements (DISCIPLINE) !!!!!!!

DXY here is at the daily support, if this level maintains its very crucial for the cross pairs. Lets see how it reacts at this price.

NOT ADVICE. DYOR

The DXY should come down to fill the gap over the weekend, and down to my zone.

Possible Buy Opp

DXY has broken zone and currently is retesting the area. The price could reach the bottom zone

P + F + DXY + CS If the pair continues upside hurdle, next barrier circa 1.106

Broken below the upward trend line. Closer to 98.20 by end of next week than current 98.70.

This is key for anyone trading USD pairs today as we can expect a reversal. However, checking Forex Factory - there are some important news coming out on USD around 1:30pm GMT

SELL

If the monthly HH resistance breaks, expect further higher highs for the dollar index.

Fib, CS, DXY, SC, P