DXY *D (tf)Previous Ideas of Resistance to Watch (before & after 'play button' )
(before & after 'play button' )
Next decent Resistances for
DXY to face will be the 0.5 Macro Fibb Level @107.7 level .Surpassing that via decent breakout, correction may be anticipated as a retest and
confirmation for
DXY to continue Higher.Meanwhile on the *W (tf),
DXY managed not to close its 12 Consecutive Green Weekly Candlestick.Whats worrying is that the last Weekly Close was very Bearish in Price Action,
printing whats called ' A Topping Tail '
Note
DXY 'Middle Line War-Zone (103)Dollar Index showing Support on Middle Line of 100-106 Macro Range
*Weekly (tf) Update
Short Entry given with S/R zone being a target
End of second 2nd Week of December (Q4/2023)
bouncing off at S/R level (Midd-Line)
Note
*Weekly bounce.
Price Action indicates a Wick testing the range bottom which provided support.
Is
DXY about to rally further more throughout 2024 (Q1 most likely)Note
Zoomed in *Daily (tf)
(facing resistance trendline)
Need a breakout to further upside notion.
Bulls must take control of breaking and retesting as support the current
resistance trendline.
Note
DXYTaking Profit at 106 level, a positioned opened from 100 Lows of Bottom Range Bound.
TP at strong resistance rejection from 0.618 level, also back at Range Bound breaking its Ceiling.
Congratulation to those who opened
DXY
position based on our calls, as well to those who trade heavy against correlated fiat currencies like EEUR/USD
Looking forward to next confirmations for
DXY
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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.