DXY Price Analysis: Time For Correction?
DXY Price Analysis: Time For Correction?
DXY corrected nearly 65% of the bullish wave in a short time. Currently DXY is testing a price zone that was seen for the last time at the beginning of November 2024, almost 3.5 month ago.
The odds are that DXY has to create any correction before it moves down more. Also this wave is overextended too much and from a technical point of view DXY should not devaluate more.
However this month was very strange across all the currency pairs so everything is possible.
Given that the market will not be so clear overall and will not give up from the USD so easily I think that DXY has room for correction before resuming another bearish wave.
A possible correction near to 105 is possible this time.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
DXY corrected nearly 65% of the bullish wave in a short time. Currently DXY is testing a price zone that was seen for the last time at the beginning of November 2024, almost 3.5 month ago.
The odds are that DXY has to create any correction before it moves down more. Also this wave is overextended too much and from a technical point of view DXY should not devaluate more.
However this month was very strange across all the currency pairs so everything is possible.
Given that the market will not be so clear overall and will not give up from the USD so easily I think that DXY has room for correction before resuming another bearish wave.
A possible correction near to 105 is possible this time.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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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.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
Related publications
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.