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DOLLAR INDEX (DXY): Consolidation & Bearish Bias Explained đŸ’”

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Valutaindex för U.S. dollar (TVC:DXY)  
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TVC:DXY   Valutaindex för U.S. dollar
Parallel Channel Rectangle Multiple Time Frame Analysis DXY dollar DJ FXCM Index USD indexes usdollarforecast usdollarindexsignals Contains image
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parallelchannel rectangle mtfa dxy dollar usdollar usd indexes usdollarforecast usdollarindexsignals containsimage
snapshot

Dollar Index is trading within a horizontal trading range on a daily.
The price tested the resistance of the range yesterday
and formed a doji candle on that.

As an extra bearish confirmation, I spotted a double top formation
on an hourly time frame.

I think that the Index will most likely retrace from the underlined
red resistance.

Targets: 106.35 / 106.17

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Kommentera:
we will expect a further bearish continuation next week
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