DXY is currently moving side way in a triangle range
Look at chart H1, there are 2 scenarios might happen:
- Scenario 1: Price breaks out of small triangle range and tries to reach the upper band of the smaller triangle, also the supply zone of 98.10 and making another lower high
- Scenario 2: Price breaks out of small triangle range and break through resistance level 97.42, when it breaks this level it also means price will break the trend line and confirm for the trend reversal. Continue to fall down and test demand level 97.16
I personally prefer the second scenario as DXY might continue to lose its strength in the next few weeks
Sefe trading everyone!
Look at chart H1, there are 2 scenarios might happen:
- Scenario 1: Price breaks out of small triangle range and tries to reach the upper band of the smaller triangle, also the supply zone of 98.10 and making another lower high
- Scenario 2: Price breaks out of small triangle range and break through resistance level 97.42, when it breaks this level it also means price will break the trend line and confirm for the trend reversal. Continue to fall down and test demand level 97.16
I personally prefer the second scenario as DXY might continue to lose its strength in the next few weeks
Sefe trading everyone!
Note
Note
DXY has broken the support, long term should seeking for selling usd opportunities like for e.g long EU
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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.