ckn
Long

DOLLAR INDEX SET FOR A RALLY TO 93 LEVELS

ICEUSA_EOD:DX1!   US DOLLAR INDEX FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)
87 views
2
87 0
The chart of the DXY             shows the following:
a. Hammer pattern at the end of a decline.
b. Price drop into a 1.272 extension of prior contra trend.
c. Pivot formation at the median line .
d. Divergence in Rsi .
These indicate a possible bottoming of the index for the moment. Currently, the newsflow for the Dollar seems to be quite adverse. China easing off, Germany including the Yuan in its own reserves, bullish forecasts on the Euro             , a very strong trend in the Yuan at the moment added to local issues in the US as well, are all factors that are pressuring the Dollar index             down.
Reversals happen when outlook appears the worst. While one may not want to call for any big reversal here, the collection of the technical indicators certainly seems to suggest that the Dollar may be at a bottom and is more likely to rally from here. A return back to the top of the pitchfork channel could see an improvement to 93 levels for the DXY            
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden