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Dollar Index: Approaching the Higher Low. Buy opportunity.

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Indeks Dollar A.S. (TVC:DXY)  
InvestingScope  
TVC:DXY   Indeks Dollar A.S.
Trend Analysis Chart Patterns Technical Indicators DXY dollarindex Dollar Index Futures DX1! DJ FXCM Index dollar Forex Currencies currency
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trendanalysis chartpattern indicator dxy dollarindex dx1! usdollar dollar forex currencies currency
DXY was rejected in late May on a Double Top on 1D and sellers stepped in to push the price lower within the dominant pattern of the 1M Channel Up (RSI = 53.041, MACD = 0.390, Highs/Lows = 0.0000). The price broke below both the MA50 and MA200 but so far no Death Cross has taken place, so the selling will most likely stop on the Channel's Higher Low around 95.65. This is a strong buy opportunity for the next Higher High leg towards 98.90.






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Dollar Index: Approaching the Buy Zone.
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