Ticker DTWEXBGS gives us a different Dollar Index.
The beginning of this year made a new high, taking out the high from October 2022.
A few weeks have closed below the trendline. Anyway, its good to know about this index.
In Purple we have an “Evening Star” type formation
In Orange we show the round number of 2000
In Blue we have a fairly steep trend line
This week the retracement up from the recent down move reached to around 61.8 Fibonacci level. We’ll monitor the price through end of week and into next week to see if there are any price action clues for where price may move.
Update:
Price did move lower. It reached $401. We decided to exit around $406
Let’s see if the shares can continue lower, towards the $400 level.
Charts101 Trading 