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U.S. Dollar Index
Updated

DXY 4H

236
Price broke out of its descending trendline with a bullish engulfing candle after todays hawkish speech from Powell this morning. My bias is moving over to bulls on the double bottom after the double bottom off weekly support 88.60 which I had stated would be a potential reversal area a few weeks back. Price is now at a supply zone, where I suspect a potential pullback is now possible (higher low). Will be watching price action closely
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snapshot
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snapshot 60min:
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break & retest of resistance now support. Bulls are coming!
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snapshot trendline break, a further potential pullback is possible now to the broken descending trendline
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snapshot pullback to the broken trendline happening, will look to see a reversal back to the upside from there : )
Profound_Ambition
breakdollarindexDouble BottomDXYhigherlowpullbackSupply and DemandSupport and ResistanceTrend AnalysisDJ FXCM Index

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breakdollarindexDouble BottomDXYhigherlowpullbackSupply and DemandSupport and ResistanceTrend AnalysisDJ FXCM Index
Profound_Ambition

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.