DXY, next week forecast
Hi everyone !
Yesterday i shared three analysis on EURUSD, GBPUSD and USDJPY. As all theses pairs are trading with the Dollar U.S. , there is an analysis on the Dollar U.S. Index.
Since mid-September, DXY is on an perfect uptrend. One week, there is a run and the next week a 50 % - 65 % retracement.
The past week, we were in a retracement of the previous run, currently we're at 63 % retracement of the last run. DXY could fall further to 98.2, this level is channel's bottom and is a very strong support.
But, currently DXY looks found a good support on his previous resistance and it could run again from there.
Ichimoku Cloud confirm this idea with a long projection. I found a very small downtrend divergence on RSI but nothing really important for now.
Thanks for your time guys !
Yesterday i shared three analysis on EURUSD, GBPUSD and USDJPY. As all theses pairs are trading with the Dollar U.S. , there is an analysis on the Dollar U.S. Index.
Since mid-September, DXY is on an perfect uptrend. One week, there is a run and the next week a 50 % - 65 % retracement.
The past week, we were in a retracement of the previous run, currently we're at 63 % retracement of the last run. DXY could fall further to 98.2, this level is channel's bottom and is a very strong support.
But, currently DXY looks found a good support on his previous resistance and it could run again from there.
Ichimoku Cloud confirm this idea with a long projection. I found a very small downtrend divergence on RSI but nothing really important for now.
Thanks for your time guys !
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