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thekidtrader11

DXY WILL THE DOLLAR PREVAIL OR NOT $$$

Amerikanska dollar terminskontrakt (ICEUS:DX1!)  
thekidtrader11  
ICEUS:DX1!   Amerikanska dollar terminskontrakt
Trend Analysis Chart Patterns Technical Indicators DXY dxylong dxyindex dxyshort dxyanalysis Bullish Patterns Bearish Patterns Ascending Channel dollar
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trendanalysis chartpattern indicator dxy dxylong dxyindex dxyshort dxyanalysis bullish bearish ascendingchannel dollar
Since the beginning of the year, DXY has been on an uptrend, establishing higher highs and lower highs. I have highlighted the significant support and resistance it has been bouncing off from for better understanding. Currently, DXY has touched the resistance and received rejection, causing it to decline; however, I believe this is the top and we will soon break the support and plummet; nevertheless, if it bounces off the support and continues to move forward, we will still be in a bullish trend and will go on to break the previous high.
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