Mahtab_Tradia

DXY In a Descending Channel

Long
TVC:DXY   U.S. Dollar Index
As you see in the 4H chart, price is at the upper side of the descending channel and currently is below the yesterday’s candle’s close.

On the other hand, MACD shows a positive hidden divergence:
Although price is making a higher low, MACD is making a lower low which means there would be a high probability of growth in price in the next week.

I expect a downside move to the lower side of the channel around 91.400 - 91.300 which is a very strong support level and the last month’s high either, then a push to the up and maybe an upside breakout on the channel’s upper band and a rise to 92.300 which is the last week’s high.


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