$DXY - Bottom Range Bound Breached
The Dollar Index 
DXY has breached a pretty serious
level ;
the bottom range bound which has previously acted as
strong support forDXY to bounce.
Will this time be the same and this will result in a fake-out?
Or willDXY headed lower, re-visiting pre-pandemic levels?
Check out the previous released ideas linked below
for more in depth information regarding our journey
'Decisive Move Around the Corner' (line chart)
(candlesticks chart)
TRADE SAFE
NOTE that this is not Financial Advice !
Please do your own research before partaking upon
any trading activity based solely on this idea.
DXY has breached a pretty seriouslevel ;
the bottom range bound which has previously acted as
strong support for
DXY to bounce.Will this time be the same and this will result in a fake-out?
Or will
DXY headed lower, re-visiting pre-pandemic levels?Check out the previous released ideas linked below
for more in depth information regarding our journey
'Decisive Move Around the Corner' (line chart)
(candlesticks chart)
TRADE SAFE
NOTE that this is not Financial Advice !
Please do your own research before partaking upon
any trading activity based solely on this idea.
Note
DXY *4Hr. line-chart
'Double Bottom on Range Bound Support ?'
Breaking the Double Bottom Lows,
which at the same time is the Big's Yearly Range,
would sense trouble TA speaking for
DXY
;
Worth Emphasizing is that ;
Fundamentally speaking;
DXY
is being be anticipated to weaken after 18'th September 2024
USINTR
first Rate Cut decision by Federal Reserve;
which by now is not a question of IF will they cut, but how much (0.25-0.5 bsp).
Lowering Interest Rates weakens a currency due to easy-landing monetary policies.
Related publications
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.