Charts for Next Week – USD, USD/CAD, USD/MXN, Crude Oil, Gold Price & More

The US Dollar Index (DXY) found support at two-month trend-line support but has bearish price pattern potential. USD/CAD is a pair I looked at in the Tuesday webinar due to its steady trend-line, with it continued to be tested will it eventually fail? USD/MXN could be on the verge of rolling over from a trend-line dating back to the peak created in January 2017. Crude oil may be on the verge of rallying as descending wedge forms. Gold is up against trend-line resistance, on weakness will have trend support quickly showing up; could get jammed up a bit more before breaking one way or the other.

Technical Highlights:

  • US Dollar Index (DXY) trend-line support/HS potential
  • USD/CAD clear trend-line support, hold or fold soon?
  • USD/MXN decision time coming at January 2017 trend-line
  • Crude oil descending wedge may soon mark short-term bottom
  • Gold price may get bottled up some more before making a move

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US Dollar Index (DXY) trend-line support/HS potential

The US Dollar Index (DXY) bounced off trend-line support earlier this

Article source: https://www.dailyfx.com/forex/technical/article/special_report/2018/11/23/Charts-for-Next-Week-USD-USDCAD-USDMXN-Crude-Oil-Gold-Price-More-PRtech.html