After the big move yesterday following Draghi's dovish speech (introducing TLTRO's, weak economic forecasting...) the dxy is sitting on a key level after breaking the tame trend line (pink line). This level has:
A weekly look at that key pivot line
A shorter term look at another pitchfork median line
- Previous high made in Nov/Dec 2018
- 61.8% retrace off 2017-2018 decline
- 75% slope off pitchfork
- Key pivot level (purple dotted line)
- 61.8% shorter-term pitchfork line
A weekly look at that key pivot line
A shorter term look at another pitchfork median line
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.
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.