DXY Long-Term Bearish Outlook
The price has been moving within a diagonal channel since 2009, completing five waves. We anticipate that the price has been forming a corrective structure following the downward movement in October 2022.
Currently, the price may be forming Wave c of Wave (B), after which we could see a decline toward 97.81 "Wave (C)", potentially testing the lower boundary of the diagonal channel.
Currently, the price may be forming Wave c of Wave (B), after which we could see a decline toward 97.81 "Wave (C)", potentially testing the lower boundary of the diagonal channel.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.