US Dollar Currency Index / W / Weekly Forex Analysis / 5.19.2019

19 במאי 2019

Hello Traders, welcome to the Weekly Forex technical analysis. Today is May 19th, 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, we can see we got a minor correction and finally it moved back above the 97.465 support and resistance area, with a strong weekly close above this area. Going into this next week of 5/20/2019, we will be looking for the Dollar Index to follow through and continue to strengthen a bit more an target the 98.687 resistance area. On the over hand if we fail to move higher and turn bearish we would be looking to retrace back to the 96.493 support area.