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nagihatoum
Apr 12, 2021 11:35 PM

DXY dollar about to spring back to action Long

U.S. Dollar Currency IndexICEUS

Description

DXY held support forming a double bottom and bullish divergences on the 4H. MACD is timidly rising. Target is the quarterly resistance at 94.5.

Losing current support will send the dollar tumbling to 89.5.

Comment

DXY crossing support. A bounce is needed to set in a bullish divergence

Comment

Strong sell off

Comment

DXY has slowed decent and formed a bullish divergence on the 4H

Comment

DXY broke down from the rising channel. Retest of the channel is possible. 89.5 is the target at this moment. DXY has been very bearish not taking a pause or rest from plummeting.
Comments
Zidan_Babels
Great job
roseolivia09
good work
MMBTtrader
such great work bro

valid channel and nice scenarios based on chart

thanks for sharing
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