Mahtab_Tradia

DXY First Rise, Then Fall

TVC:DXY   U.S. Dollar Currency Index
In Daily and 4H time frames, price has been rejected by the channel’s lower band and is pushed to the upside.

MACD shows a positive divergence:
Although price has made a higher low, MACD has made a lower low.

For now, I expect a rise to 92.840 which is the yesterday’s high, then if price could break the daily high, we can expect more rise to 93.20 which is the next resistance level (Weekly high).

Otherwise, if price can’t break the daily high and gets rejected by this level, we can expect a fall and a breakout on the channel’s lower band with two possible targets at 92.25 and 92.00
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Comments

Thanks for sharing
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thanks for sharing your analysis and your idea
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Thank you! 🦐👍🏻
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keep the good work!
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I am totally agree with you!
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Very Possible Scenario 🔥
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great charting
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Nice chart, keep up the good work.
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