TVC:DXY has been showing signs of strength after Banks Failures, printing what seems to be a Double Bottom at 100.8
Despite uncertainty over the Banking Sector, there is definetely some Room for Growth to 105-106 regarding TVC:DXY Dollar Index
Reaching such a target, would put TVC:DXY on Major Critical Resistances areas :
- Broken Macro Trendline (in white) - 0.618 Macro Fibonnaci Level - 114 High Resistance Trendline (white + dashed line)
(current resistance on *D time-frame TVC:DXY will be facing is 200EMA on orange)
Worth mentioning is that TVC:DXY seems to been having create a big ranging zone between 100.8 to 105.9 (upcoming idea will be clearer on this range)
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TRADE SAFE
*** Note that this is not Financial Advice ! Please do your own research and consult your own financial advisor before participating on any trading activity based soly upon this idea