US Dollar Currency Index / W / Weekly Forex Analysis / 6.30.2019

1 Jul 2019

Hello Traders, welcome to the Weekly Forex technical analysis. Today is June 30th, 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 the DXY ended pretty mixed last week. Going into this next first week of July 1st, we will be looking for the Dollar Index to make a move from its current state of indecision. Couple of scenarios could play out we could see this indecision play out a bit longer, or we could see some follow through from the dollar. Currently on the DXY we are watching the 96.493 and the 97.465 areas for resistance. And watching the 95.662 and 94.635 areas of levels of previous support. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!