khalil864

Touching bullish targets is more likely!

Long
TVC:DXY   U.S. Dollar Index
On the daily time frame, the indicator number is based on the valid Fibonacci retracement percentage of 50%. Meanwhile, the index has hit the short-term trend line and the medium-term trend line at the same time and is now returning from there. The creation of a doji candle in the mentioned time frame and at the end of the downtrend is a confirmation of this return. In this case and with this analysis, we expect that the first target range will be touched upward and if the index crosses this range, the second target will also be touched upwards.
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