The forecast for the upcoming value of the DXY is positive, with a range of 103.00 to 104.50. This is based on the expectation that the FOMC will not change interest rates at its meeting on August 22, and that the US GDP report and other economic data will be strong. However, it is important to note that the forex market is volatile and unpredictable, so the...
Bearish Indications 1. Lower Highs and Lows 2. CXY is bearish & SXY is bullish in 2H TF 3. No Divergence 4. Shooting Star at LH 5. Trend line not broken Bearish Indications 1. Trend is Mature Enough 2. On Larger TF it almost completes Bullish ABCD Pattern Indices on 2H TF DXY => Bearish JXY => Bullish ZXY => Bullish AXY => Bullish EXY => Bullish CXY =>...
Flat top triangle pattern is expected to be completed! Feel free to state your opinion! Cheers!