DXY Bearish Continuation Prediction
Daily DXY Analysis
In the daily chart of the U.S. Dollar Index (DXY), we observe a potential continuation of the bearish trend. The price is currently around 104.875, having recently experienced a decline of 0.24%. This suggests a potential further decline in the index.
Technical Analysis:
Bearish Continuation: The chart shows a continuation of the bearish trend, with the price breaking below previous support levels.
Support and Resistance Levels: The next significant support level is around 100.764, which may act as a target for the ongoing downtrend.
Relative Strength Index (RSI): The RSI is at 43.04, indicating bearish momentum but not yet in oversold territory.
Price Prediction:
Based on the analysis, it is predicted that the DXY will continue its downward movement, potentially reaching the next support level at 100.764. This suggests a bearish outlook for the U.S. Dollar Index in the near term.
Disclaimer:
I am not a financial advisor, and these predictions should not be taken as financial advice.
In the daily chart of the U.S. Dollar Index (DXY), we observe a potential continuation of the bearish trend. The price is currently around 104.875, having recently experienced a decline of 0.24%. This suggests a potential further decline in the index.
Technical Analysis:
Bearish Continuation: The chart shows a continuation of the bearish trend, with the price breaking below previous support levels.
Support and Resistance Levels: The next significant support level is around 100.764, which may act as a target for the ongoing downtrend.
Relative Strength Index (RSI): The RSI is at 43.04, indicating bearish momentum but not yet in oversold territory.
Price Prediction:
Based on the analysis, it is predicted that the DXY will continue its downward movement, potentially reaching the next support level at 100.764. This suggests a bearish outlook for the U.S. Dollar Index in the near term.
Disclaimer:
I am not a financial advisor, and these predictions should not be taken as financial advice.
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.
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.