Chart of the Day - Monday, June 24th, 2019
June 24, 2019
Today's chart of the day was shared on Twitter by Tarek Saab of Fibonacci.com (@FibLines). It's a daily candlestick chart of the US Dollar Index ($DXY). Tarek points out that the Dollar has violated both its 200-day moving average and its uptrend line. Both the 200-day-moving-average and the uptrend line have acted as support several times in the past. The fact that price has pierced through both is a clear indication that the Dollar is rolling over. It'll be important to keep an eye on this chart as the Dollar will impact several other asset classes.