AmirSoraya

Dollar Index Needs Some Rest, Exhaustion Signs on Daily Chart

Corto
TVC:DXY   Índice del dólar de EE. UU.
I said in my previous analysis that DXY can reversed down or goes up to bull channel line.


Bulls pushed price up to the channel line. Also we can see a climatic bar that is sign of exhaustion. Usually we have 2 legged pullbacks after these climatic moves.

Another bull channel is clear on daily chart. We see a channel line price overshoot that is another sign for exhaustive moves. These movements will be reversed after maximum 5 bars into channel area. (Already reversed into channel zone.)

I think DXY needs rest and some downward correction in next week (or weeks).

What do you think about this chart? Feel Free and Comment Below!

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