$DXY - Bottom Range Bound Breached

The Dollar Index has breached a pretty serious
level ;
the bottom range bound which has previously acted as
strong support for to bounce.
Will this time be the same and this will result in a fake-out?
Or will 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

*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;

is being be anticipated to weaken after 18'th September 2024

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.

Mr_J__fx

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