goodguy

US dollar drops out of up channel.

INDEX:DXY   US DOLLAR CURRENCY INDEX
A couple of week ago I set a target for the USD which was hit and suggested downward action likely to follow (see link below). So far looks good. Next support is at 98.76. If taken out it is very likely the longer term uptrend line will be broken as well with the potential for major down action. If so would likely have a positive effect on oil and the precious metals.
Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.