Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
DXY reach the 17 Years Resistance
U.S. Dollar Index
Short
DXY reach the 17 Years Resistance
By GoldCartel
Mod
Follow
Follow
Updated
Aug 21, 2023
3
4
Cheer
Cheer
1
1
Sep 6, 2022
Finally, DXY reached the 17 Years Resistance. This resistance was tested in November 2005, December 2016, and September 2022.
Powell will speak this week, and many incoming high-impact US data this month. The question is whether DXY will break or rejects the resistance ?
If DXY rejects this resistance, I reckon it will fall deep to 102, and if DXY breakout above, the potential target will be 120.
Currently, I reckon DXY will rejects, but time will tell.
Invalidation:
- This short sentiment analysis fails if the price breaks above the resistance.
Aug 21, 2023
Comment
Solid weekly rejection so far. Fly to 120 ? time will tell
DXY
goldcartel
Support and Resistance
Trend Analysis
Trend Lines
GoldCartel
Mod
Follow
Follow
Upgrade Your Trading Station with Gold Cartel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the
Terms of Use
.