Take a look at our analysis for DXY.
Time Frame: 4hr
Current Trend: Bearish
Sentiment: Overbought (based on 14-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 103.499.
The above observations make me that the market will inevitably achieve 101.900 level.
NOTE:
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
Time Frame: 4hr
Current Trend: Bearish
Sentiment: Overbought (based on 14-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 103.499.
The above observations make me that the market will inevitably achieve 101.900 level.
NOTE:
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!