DXY looks tired
I've been bullish DXY since the end of July after we had the confirmation that the break down was a false one and indicated the 105.50 zone as the potential target in the medium term.
The target was hit last week and now the index is consolidating and a correction could follow.
However, the trend remains up and a new spike above the recent high is possible.
Confirmation for a drop comes with a break under the rising wedge support in which case 104.50 could be bears' target.
The target was hit last week and now the index is consolidating and a correction could follow.
However, the trend remains up and a new spike above the recent high is possible.
Confirmation for a drop comes with a break under the rising wedge support in which case 104.50 could be bears' target.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
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.