TradingView
KlejdiCuni
Apr 25, 2023 7:01 PM

DXY: How it can develop a bullish move? 

U.S. Dollar Currency IndexTVC

Description

DXY: How it can develop a bullish move?

Price is still between the bullish and the bearish movement.

A move above 102.09 will confirm a bullish movement that can
give some breath to the US Dollar.

If the price will face resistance near 102.09 we can see DXY
moving back down again near 101.2

SO overall for the moment DXY is blocked within 101.2 - 102.09

Thank you and Good Luck!
Comments
rTrader_official
thank for the analysis, it seems banks failure risk is highly diminished, some leading indicators such as PMI are expanding, CB confidence is still above 100 , price is still supporting at 0.5% fibo on M chart, demand for USD can back to normal, so many thanks for analysis
InkyGrip
perfect
linofx1
Excellent idea
basictradingtv
keep it up mate, thanks!
More