US Dollar Currency Index / W / Weekly Forex Analysis / 6.2.2019

2 ביוני 2019

Hello Traders, welcome to the Weekly Forex technical analysis. Today is June 2nd, 2019 and we will be taking a look at the U.S. Dollar Currency Index on the weekly chart just to get into the calendar, and have an outlook into the upcoming week. Looking at the Dollar Index here on a weekly time frame, overall the structure still remains pretty bullish as long as were above the 97.465 support and resistance area. We also had the talk of additional tariffs going against Mexico, which could certainly trigger this to move upwards towards the 98.687 resistance area. If we break above the 98.6 area look for the next target area which would be 99.451 support and Resistance zone. If the DXY starts to lose momentum and turn bearish by losing the 97.465 area, we would be looking for a retrace back to the 96.493 region.