$DXY - Next Resistances to Watch *W & *D (tf)

Mis à jour
DXY *D (tf)
Previous Ideas of Resistance to Watch (before & after 'play button' )
$DXY -Resistances to Watch *D (tf)

(before & after 'play button' )
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Next decent Resistances for DXY to face will be the 0.5 Macro Fibb Level @107.7 level .
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Surpassing that via decent breakout, correction may be anticipated as a retest and
confirmation for DXY to continue Higher.

Meanwhile on the *W (tf),
DXY managed not to close its 12 Consecutive Green Weekly Candlestick.
Whats worrying is that the last Weekly Close was very Bearish in Price Action,
printing whats called ' A Topping Tail '
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Note
DXY 'Middle Line War-Zone (103)

Dollar Index showing Support on Middle Line of 100-106 Macro Range

*Weekly (tf) Update
Short Entry given with S/R zone being a target
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End of second 2nd Week of December (Q4/2023)
bouncing off at S/R level (Midd-Line)
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Note
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DXY target (Range Bottom) hit in Q4/2023.
DXY starting Q1/2024 on Bullish momentum,
TA speaking bouncing from Support provided at range bottom
Note
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*Weekly bounce.
Price Action indicates a Wick testing the range bottom which provided support.
Is DXY about to rally further more throughout 2024 (Q1 most likely)
Note
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Zoomed in *Daily (tf)
(facing resistance trendline)
Need a breakout to further upside notion.
Bulls must take control of breaking and retesting as support the current
resistance trendline.
Note
DXY

Taking Profit at 106 level, a positioned opened from 100 Lows of Bottom Range Bound.
TP at strong resistance rejection from 0.618 level, also back at Range Bound breaking its Ceiling.
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Congratulation to those who opened
DXY
position based on our calls, as well to those who trade heavy against correlated fiat currencies like EEUR/USD
Looking forward to next confirmations for
DXY
americandollarChart PatternsCommoditiesdollarindexDXYfiatcurrenciesForexindexesTrend Analysis

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