• Vasily Trader

DOLLAR INDEX (DXY) Trend Reversal & Strength

hey traders,

it looks like we finally see a confirmed bearish trend violation and reversal on 🟢DXY .

from 6th of January, we see the zigzag movement with 89.1 initial low, equal high retesting the December's lower high,

higher low and finally a new higher high higher close on a daily yesterday.

it is a classic price action reversal formation.

now in the mid-term, I expect more strength to the dollar.

The closest resistances to look at:



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