Trading1to100

DXY DOWN A SPIRAL TO 98.50-93.75!!!

Short
TVC:DXY   Indice devise Dollar U.S.
Last time DXY WAS AT 103.45 then had a roller-coaster ride and currently at 102.20

See my last post, DXY potentially should find support zone between 98.50-93.75.

What’s changed now nothing still on track, but there is a slight speed bump between 102.50- 101.50, (100.00) price could consolidate here before continuation lower or a counter trend rally could occur soon.

This is a 50% price retrace zone from 88.30-114.77.

Should Price break below 101.50-100.00 then expect 98.50-93.75 support zone as the next target but also be cautious as a counter-trend rally could being from either of these price zones
mentioned below

102.50-101.50(100.00) break below then 98.50-96.45 break below then expect 95.65-93.75

On a counter trend rally 1st resistance = 105.60-106.50 and a break above this zone then 108.00-110.00 is probable too.

Have great trading week

This is my view and not trading 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.