TVC:DXY *D (tf) Previous Ideas of Resistance to Watch (before & after 'play button' ) (before & after 'play button' )
Next decent Resistances for TVC: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 TVC:DXY to continue Higher.
Meanwhile on the *W (tf), TVC: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 '
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)
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TVC:DXY target (Range Bottom) hit in Q4/2023. TVC:DXY starting Q1/2024 on Bullish momentum, TA speaking bouncing from Support provided at range bottom
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*Weekly bounce. Price Action indicates a Wick testing the range bottom which provided support. Is TVC:DXY about to rally further more throughout 2024 (Q1 most likely)
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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.
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