The Dollar Index DXY
Updated
The Dollar Index #dxy has remained in a falling Wedge since November 2022 - 8 months!
This has given a rise in market capitalisation in Stocks and even speculative assets like Bitcoin.
The falling Wedge will Rise!
DXY current: 100.2
Up resistances: 102.4, 105.3, 107.5
This has given a rise in market capitalisation in Stocks and even speculative assets like Bitcoin.
The falling Wedge will Rise!
DXY current: 100.2
Up resistances: 102.4, 105.3, 107.5
Note
DXY has begun its rise!Up resistances: 102.4, 103.8, 105.3, 106.4, 107.5
Current Price point: 101.3
If #dxy cannot stay support at 101.2 then a retest of 99.8 is probable.
Note
DXY currently finding rejection at angled resistance above.Up resistance 102.4 hit
A retrace is expected to try for higher targets
Note
DXY currently breaking out of falling wedge...Note
103.8 breached...Note
105.3 breachedNote
106.4 breachedTrade closed: target reached
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