What do we expect from the DXY index this week❗️❓🚀

The DXY index failed to break the 🟢support zone($101.30-$100.82)🟢 reliably, and with the Double Bottom pattern, it resumed its upward trend and formed a 🐻Bear Trap🐻.

💡Also, the DXY index issued a Buy signal through the 50-SMA and 50-EMA.

💡The Bullish Marabozu candle was also a sign and confirmation that DXY's fall below the support zone was just a Bear Trap.

🔔I expect the DXY to have a bullish trend this week and ⚔️attack⚔️ the resistance lines.

📚In general, I try to show you all the points of technical analysis on the chart, which also has an educational aspect(I apologize for the busy chart).📚

U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.

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Comment:

Running well as I expected ✅

Trade closed: target reached