DXY has been showing signs of strength after Banks Failures, printing what seems to be a Double Bottom at 100.8
Despite uncertainty over the Banking Sector,
there is definetely some Room for Growth to 105-106 regarding
DXY Dollar Index Reaching such a target, would put
DXY on Major Critical Resistances areas :- Broken Macro Trendline (in white)
- 0.618 Macro Fibonnaci Level
- 114 High Resistance Trendline (white + dashed line)
(current resistance on *D time-frame
DXY will be facing is 200EMA on orange)Worth mentioning is that
DXY seems to been having create a big ranging zone between 100.8 to 105.9 (upcoming idea will be clearer on this range)
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TRADE SAFE
*** Note that this is not Financial Advice !
Please do your own research and consult your own financial advisor before participating on any trading activity based soly upon this idea
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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.