DXY(US Dollar Index)// Bearish Outlook, Reversal pattern confirm
📉 DXY (US Dollar Index) Outlook 📉
DXY has broken the upward trendline with a significant gap down, forming strong bearish candles. A head and shoulders pattern at the top signals a confirmed reversal. The index is currently near the neckline and 200EMA, which serve as a demand zone and potential retracement point toward the trendline or second shoulder.
🎯Technical Targets: 105.90, 103.40
💡 Implication: The dollar is likely to decline toward its real value.
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TrendLogic1
DXY has broken the upward trendline with a significant gap down, forming strong bearish candles. A head and shoulders pattern at the top signals a confirmed reversal. The index is currently near the neckline and 200EMA, which serve as a demand zone and potential retracement point toward the trendline or second shoulder.
🎯Technical Targets: 105.90, 103.40
💡 Implication: The dollar is likely to decline toward its real value.
📢 Support Us: Like, comment, and follow for more insights.
Kind regards,
TrendLogic1
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t.me/TrendLogic1
Forex, Gold, and Crypto signals with detailed analysis and get consistent results.
t.me/JosProTrader
Gold signals with proper TP and SL for high-profit opportunities.
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Forex, Gold, and Crypto signals with detailed analysis and get consistent results.
t.me/JosProTrader
Gold signals with proper TP and SL for high-profit opportunities.
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