$DXY - Next Resistances to Watch *W & *D (tf)

DXY *D (tf)
Previous Ideas of Resistance to Watch (before & after 'play button' )

(before & after 'play button' )

Next decent Resistances for DXY to face will be the 0.5 Macro Fibb Level @107.7 level .

Surpassing that via decent breakout, correction may be anticipated as a retest and
confirmation for DXY to continue Higher.

Meanwhile on the *W (tf),
DXY managed not to close its 12 Consecutive Green Weekly Candlestick.
Whats worrying is that the last Weekly Close was very Bearish in Price Action,
printing whats called ' A Topping Tail '

Comment:

DXY 'Middle Line War-Zone (103)

Dollar Index showing Support on Middle Line of 100-106 Macro Range

*Weekly (tf) Update
Short Entry given with S/R zone being a target

End of second 2nd Week of December (Q4/2023)
bouncing off at S/R level (Midd-Line)

Comment:

DXY target (Range Bottom) hit in Q4/2023.
DXY starting Q1/2024 on Bullish momentum,
TA speaking bouncing from Support provided at range bottom

Comment:

*Weekly bounce.
Price Action indicates a Wick testing the range bottom which provided support.
Is DXY about to rally further more throughout 2024 (Q1 most likely)

Comment:

Zoomed in *Daily (tf)
(facing resistance trendline)
Need a breakout to further upside notion.
Bulls must take control of breaking and retesting as support the current
resistance trendline.

Comment:

DXY

Taking Profit at 106 level, a positioned opened from 100 Lows of Bottom Range Bound.
TP at strong resistance rejection from 0.618 level, also back at Range Bound breaking its Ceiling.

Congratulation to those who opened
DXY
position based on our calls, as well to those who trade heavy against correlated fiat currencies like $EUR/USD
Looking forward to next confirmations for
DXY