DXY - Rising bearish wedge breakdown through resistance.
Looking on the daily time frame, we can see that from fall of 2020, the DXY carved out a solid trend line that the price bumped up against several times before breaking through earlier this summer. However, the breakthrough created a rising wedge pattern which showed signs of breakdown friday of last week.
Price action has since fallen through the rising wedge, providing a target in the 0.91 area.
The price has also begun falling through the former resistance trend line. A weekly close today followed by confirmation at the end of the month could bring about a retest of DXY lows from the last 8 months.
Price action has since fallen through the rising wedge, providing a target in the 0.91 area.
The price has also begun falling through the former resistance trend line. A weekly close today followed by confirmation at the end of the month could bring about a retest of DXY lows from the last 8 months.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.