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.
This content is for informational purposes only and is not intended to be investing advice.
