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.
Chart of the Day - Monday, June 24th, 2019
June 24, 2019
