DOLLAR INDEX (DXY): Consolidation & Bearish Bias Explained 💵

27 oct. 2023

https://www.tradingview.com/x/V47oxKVo/

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

❤️Please, support my work with like, thank you!❤️

28 oct. 2023

Note

we will expect a further bearish continuation next week