Possible bearish long term trend for DXY

27 oct. 2019

As we can see on Friday, DXY test a long term bullish channel as a resistance. So if we cannot see a daily close above 97.90, we can expect a bearish long term trend for DXY. If the index came back to the up-trend channel, the idea will be canceled.

31 oct. 2019

Note

After today's news, the DXY index was rejected form uptrend channel strongley as resistance.

1 nov. 2019

Note

Monthly candle has close as strong engulfing. Because of that my view is that we will see DXY going down during following weeks/months maybe.

Let me know your comments or thinking about this.