DXY (US Dollar Index) Ideas on Daily Time Frame
Here's my analysis of the DXY on the daily timeframe:
After a significant decline in the US Dollar Index over the past few weeks, it has recently formed a bullish impulse pattern, suggesting a potential reversal upwards. The price has broken through a key resistance level, indicating a strong bullish momentum.
I anticipate the market to undergo a minor correction before continuing its upward trend.
What do you think? Comment your thoughts.
After a significant decline in the US Dollar Index over the past few weeks, it has recently formed a bullish impulse pattern, suggesting a potential reversal upwards. The price has broken through a key resistance level, indicating a strong bullish momentum.
I anticipate the market to undergo a minor correction before continuing its upward trend.
What do you think? Comment your thoughts.
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