• Vasily Trader

DXY (Dollar Index): Signs of Weakness (forecast)

hey traders,

it looks like 🔻dxy returns to a bearish trend again.

after a quite impressive growth from 6th January, yesterday the price broke below a support line of a bearish flag pattern on 4H.

that breakout may be a perfect trigger for the initiation of a new bearish wave.

for now, I expect a continuation to 90.0/89.25 levels, but we must remember that the global trend is bearish and indexes may continue falling in value.

please, support this idea with like and comment! thank you!