DX neutral

Dollar tests the trend again

04 february 2022 143
Volkov_Anton
Volkov_Anton

Listed among the best MarketCheese authors
1st in the segment "Currencies"
2nd in the segments "Indices", "US stocks" and "Metals"
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After a new maximum was reached since summer of 2020, the dollar index has formed “the Evening Doji Star”, a reversal pattern. The index fell below the line of the uptrend and now it is being addressed whether the breakdown was false or the decline will continue.


If a return above the trend’s line does not happen within the coming days, the decline can continue to the January minimum of 94.6.

Volkov_Anton
Volkov_Anton

Listed among the best MarketCheese authors
1st in the segment "Currencies"
2nd in the segments "Indices", "US stocks" and "Metals"
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