DeGRAM | DXY retest of the trend line
DXY is in a descending channel between trend lines.
The price is moving from the lower boundary of the channel and has already reached the dynamic support, which has previously acted as a rebound point twice.
The chart dropped below the 62% retracement level and afterwards formed a harmonic pattern and even though the descending structure has been maintained, the index has not yet formed a descending bottom.
We expect that after consolidation above 107.760 DXY may rise in the channel to the nearest resistance at 108.540.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
The price is moving from the lower boundary of the channel and has already reached the dynamic support, which has previously acted as a rebound point twice.
The chart dropped below the 62% retracement level and afterwards formed a harmonic pattern and even though the descending structure has been maintained, the index has not yet formed a descending bottom.
We expect that after consolidation above 107.760 DXY may rise in the channel to the nearest resistance at 108.540.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
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bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
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🚀TOP 1 broker🚀
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
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.