DXY produced a bearish rejection candle after attempting to break above channel resistance.
Significant because a false break often precedes a change in trend direction (Trapped bears / bulls).
The channel is a multi-year technical structure which increases the chance channel resistance will be respected.
September is seasonally a weak month for DXY. charts.equityclock.c...tures-seasonal-chart
Significant because a false break often precedes a change in trend direction (Trapped bears / bulls).
The channel is a multi-year technical structure which increases the chance channel resistance will be respected.
September is seasonally a weak month for DXY. charts.equityclock.c...tures-seasonal-chart
