Mythril
Long

DXY Upcoming Week Crucial

INDEX:DXY   U.S. Dollar Index
86 2 1
Based on my analysis, DXY             will very much go up in the future.

Criteria for the reasoning:
Strong Uptrend on the Weekly
Retracement bouncing off the 50% Fib for 2 weeks
Pinbar with a long wick above the monthly support

This week, I could see the news being the deciding factor for the continuation of this bullish trend . For that reason, on the short/medium term, we could see some bearish movement to the downside to touch the 50% or the 61.8% again before it launchs upward.
As per my analysis be cautious those who are long on DXY it can reverse any time from it's uptrend
Reply
Mythril Akshay15
I do agree. We haven't seen this type of resistance since 2008. I would just take scalps.
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out