U.S. Dollar IndexShort
USD Dollar Index (DXY)
Updated
in the 4 charts i'm sharing now (1M, 1W, 1D and 4h) charts, i do see personally it going down to 93.0 but before i short it i have to see price go and close below 94.85 (visible in 1W chart)
- in the monthly chart we can see that the price couldn't close above or even within the area of 95.50 and 96.30 which is very strong historical area.
- in the weekly chart we can see the price trapped in the same area which i mentioned (95.50 and 96.30) thats why i do recommend to not short it until you see at least on the daily chart that the price closed below 94.85.
- in the daily chart we see that the price breached the support line and completed the retest, but still we need to wait to see how the price will move on Monday.
- on the 4h chart we see 4h bearish candle already appeared by end of the day, which is KIND OF enforcing my bias that the price will go down. but still we need to see daily close below 94.85
if you have different opinion or you see the chart in different way please share your ideas with me.
Forex Market is extremely risky market - so trade with intelligence and on your own responsibility.
- in the monthly chart we can see that the price couldn't close above or even within the area of 95.50 and 96.30 which is very strong historical area.
- in the weekly chart we can see the price trapped in the same area which i mentioned (95.50 and 96.30) thats why i do recommend to not short it until you see at least on the daily chart that the price closed below 94.85.
- in the daily chart we see that the price breached the support line and completed the retest, but still we need to wait to see how the price will move on Monday.
- on the 4h chart we see 4h bearish candle already appeared by end of the day, which is KIND OF enforcing my bias that the price will go down. but still we need to see daily close below 94.85
if you have different opinion or you see the chart in different way please share your ideas with me.
Forex Market is extremely risky market - so trade with intelligence and on your own responsibility.
Note
failed - as the price didn't close below 94.85 area.as we can see now on the chart that price probably will go to the are of 98.00
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