Breakdown in the Greenback?U.S. Dollar Currency IndexTVC:DXYTradeStationThe U.S. Dollar Index was limping before the Treasury’s surprise bond-market intervention on Wednesday, and now it could be breaking lower. The first pattern on today’s chart is the failed breakout between late June and late July. Notice how DXY jumped above its spring high around 100.50, bounced at that level in mid-July -- but failed to hold it two weeks later. (A weak GDP report triggered that drop.) The greenback tried to rebound the next session but was swiftly rejected. It next got stuck below 100 as resistance moved lower. Third, the 8-day exponential moving average (EMA) crossed below the 21-day EMA. MACD has also been sliding. Those signals may reflect short-term bearishness. Next, yesterday’s break under the 200-day simple moving average could suggest that a longer-term downtrend is resuming. Finally, traders may see space down to the next support at the lows of April and May. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. Learn more here about TradingView’s Broker of the Year! Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com/DisclosureOptions. Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com/Important-Information/. System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com/DisclosureTSCompanies for further important information explaining what this means.