DOLLAR INDEX DXY DAILY: ABOVE 104.19 TARGET 105 Long

U.S. Dollar Currency IndexTVC

Description

⋅ May 8, 2022 10:02 AM

Dollar Index DXY, still in bullish trend after broke above 100 and hit target 100.47 & 102.20.
Now DXY around its fibonacci level at 109.94 & 104.19.
Break above 104.19 open the way to target 105.

102.20 former resistance now became support.
Break below 102.20 open the way retest 100.47.
Next Support 100.

Break below 97.44 would cancel its short term bullish outlook.
Open the way to retest 96.66.

Comment

⋅ May 9, 2022 6:14 AM

Edit Typo:
"Now DXY around its fibonacci level at 103.94 & 104.19."
not 109.94

Comments

mabst6

⋅ May 9, 2022 6:02 AM

Looks like 104.09 is the resistance 😝 I might be wrong

Wahyu_Luck

⋅ May 9, 2022 6:17 AM

@mabst6, yes, around 104 as nearest resistance,,, as I said "Now DXY around its fibonacci level at 103.94 & 104.19." (as edit typo in my comment).

Wahyu_Luck

⋅ May 9, 2022 6:20 AM

@mabst6, Break above 104.19 open the way to target 105.