DXY Update #01 - Don't assume success until it actually happens.
Hi, today we are going to talk about the US Dollar Currency Index and its current landscape.
The DXY still following this Rising channel without anomalies, probably will seek their ceiling, where the strength of the asset will be tested. In case that the Bearish defense doesn't allow a breakout with expressive volume so that the price can distance itself from this zone of control. The DXY it's most likely to seek for the bottom of the channel, with a high probability of a breakout accompanied by high volume, if the macroeconomic factors don't get better.
Thank you for reading and leave your comments if you like.
The DXY still following this Rising channel without anomalies, probably will seek their ceiling, where the strength of the asset will be tested. In case that the Bearish defense doesn't allow a breakout with expressive volume so that the price can distance itself from this zone of control. The DXY it's most likely to seek for the bottom of the channel, with a high probability of a breakout accompanied by high volume, if the macroeconomic factors don't get better.
Thank you for reading and leave your comments if you like.
Trade closed: target reached