DXY Big Picture Set Up at an Interesting Crossroad

Mike Paulenoff By

More about the Dollar (DXY)-- This is an important few days for DXY from a monthly chart perspective. Friday is the last day of the month. If DXY closes beneath 94.49, it will record a Monthly Downside Reversal candle, which will represent a negative signal, and an indication that the dominant downtrend off of the Jan. 2017 could be reasserting itself. All eyes on 94.49 for the remainder of the week!
8 27 18 DXY Monthly GIF
8 27 18 DXY Monthly GIF

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