Wednesday, 23 June 2021
18:55 PM (WIB)
US Dollar Currency Index has got my attention regarding to several pairs at Commodities and Foreign Exchanges.
The ascending channel shows how strong the upside movement from the beginning.
Now, DXY is trading below the Medium Lines. With 0.618 F became strong S/R and 0.5 F as strong support.
However, As seen on the chart DXY has descending channel that could leads the price fall back to 0.5 F.
I don't know what would happened in the next month(s). MACD shows the chart could move upside too.
So, I assuming DXY still trading between 0.618 F to 0.5 F.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
18:55 PM (WIB)
US Dollar Currency Index has got my attention regarding to several pairs at Commodities and Foreign Exchanges.
The ascending channel shows how strong the upside movement from the beginning.
Now, DXY is trading below the Medium Lines. With 0.618 F became strong S/R and 0.5 F as strong support.
However, As seen on the chart DXY has descending channel that could leads the price fall back to 0.5 F.
I don't know what would happened in the next month(s). MACD shows the chart could move upside too.
So, I assuming DXY still trading between 0.618 F to 0.5 F.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"