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DXY 1D (BUY)

UnknownUnicorn3717994 tarafından
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DXY

DOLLAR TO CONTINUE TO TRADE HIGHER IN DAYS AHEAD
The US Dollar index (DXY) reversed last week after hitting confluent support by way of a trend-line and the 200-day MA. The underside trend-line remains a line of significant interest as it holds together the bottom of a developing ascending wedge.

The wedge may take a couple of months or longer to fully mature, but for now there appears to be a solid gradually rising floor in the Dollar. The reversal candle from last week suggests there will at least be an attempt to trade higher in the days ahead.
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Target 96.66 has finished Y_Y
DXYFOMChellTechnical IndicatorstraderTrend AnalysisWave Analysis
UnknownUnicorn3717994

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