Free Trial

DXY Candle Pattern Reinforces Bullish Conditions

  • Looking at the USD Index monthly Japanese candlestick patterns, April appears to be a Standard line - a continuation pattern and in this instance, a bullish signal.
  • The pattern has occurred at the top of a broad multi-year range that started January 2017.
  • It suggests resistance at the 103.00/104.00 area remains vulnerable.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.