DXY Index will Go Down to next Support zone

Feb 20, 2024

✅DXY Index has succeeded in completing a Rising Wedge Pattern near the 🔴Resistance zone($105.90-$104.64)🔴.

🔨DXY also managed to break the lower line of the Rising Wedge Pattern and is currently breaking the 🟢Support zone($104.30-$103.89)🟢.

💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.

🔔After breaking the 🟢Support zone($104.30-$103.89)🟢, I expect the DXY index to continue declining until the next 🟢Support zone($102.86-$102.420)🟢.

U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.

Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.

Feb 21, 2024

Trade active

Feb 22, 2024

Note

DXY was able to break the the 🟢Support zone($104.30-$103.89)🟢

Mar 11, 2024

Trade closed: target reached