Dollar Index (DXY): Your Trading Plan Explained
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Dollar Index formed a descending triangle formation on a daily.
Trading in a bearish trend, this pattern signifies a bearish accumulation.
Look for a bearish breakout of a neckline of the pattern next week.
Daily candle close below 101.9 will confirm a violation.
A bearish continuation will be expected to 101.0 level then.
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Dollar Index formed a descending triangle formation on a daily.
Trading in a bearish trend, this pattern signifies a bearish accumulation.
Look for a bearish breakout of a neckline of the pattern next week.
Daily candle close below 101.9 will confirm a violation.
A bearish continuation will be expected to 101.0 level then.
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