DXY analysis
After hitting a new high since years, the DXY may see a reversal and that's why.
The market became over sold on the RSI indicator along with a DOUBLE TOP forming and if we take a look at the MACD indicator the lines are very close to crossing bearish.
We don't have a confirmation for the price movement for now what I want to see is a big red candle closing which indicates a selling pressure alongside a bearish cross in the MACD.
If the DXY started dumping again that could affect or financial markets!!
NB: It's likely to drop because the resistance lines drawn in bright orange are the strongest resistances for the DXY.
The market became over sold on the RSI indicator along with a DOUBLE TOP forming and if we take a look at the MACD indicator the lines are very close to crossing bearish.
We don't have a confirmation for the price movement for now what I want to see is a big red candle closing which indicates a selling pressure alongside a bearish cross in the MACD.
If the DXY started dumping again that could affect or financial markets!!
NB: It's likely to drop because the resistance lines drawn in bright orange are the strongest resistances for the DXY.
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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.