$DXY - Will Confluences of Support-Zone Hold ?

Dollar Index currently at a zone of mutual confluences coming as Support
Important day(s) for $DXY this week
Make it or Break it !
Will it Hold Uptrend?
Does Macro indicates a Strong Rallying 'Mighty' $DXY up to 111 Level ?
Rate Hikes!
Inflation!
Slowed down Economy since 2020 due to Covid-19 Pandemic
War!
Arising tension on Horizon between China and Taiwan, will America intervene?
There are a lot going on for the World and the $DXY



Confluences of Support Zone;

-20EMA on the Daily
-Orange Trendline Support
- 0.618 White Fibbonaci Levels (103.6 for the $DXY) (also being a good stoploss for the entry from here)

*MACD signal line crossing down, weak momentum?
*RSI regular-bearish Divergence
Lagging still helpful indicators!
Today's price action of candlestick close and tomorrow's opening are key indicators to tell us how $DXY will perform in the short-midd term (rest of 2022)

Until the next one with confirmations,
Trade Safe!

NOTE that this is not Financial Advise !
Pleade do your own research before basing your action soly on this idea

Comment:

Here's your LONG entry now if you're impatient waiting for completed candlesticks Confirmations!
Low risk Stop LOSS

Comment:

Comment: