DXY is rising, target 106.5 (3/25/2024)
Hello Traders
After the FED interest rate decision, USD markets faced some volatility, now it seems the DXY market has decided its direction.
DYX had an upward momentum from "28 Dec 2023" until mid of "Feb 2024", we faced some correction after that until 8 March when NFP and Unemployment news were released.
Since then DXY has been rising slowly but surely,
We expect this bullish momentum to stay alive until mid of "April 2024" with a 106-106.7 target.
DXY has made an AB=CD pattern. The AB leg and the BC leg have been made, so we believe that the market right now is going to build the CD leg.
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
After the FED interest rate decision, USD markets faced some volatility, now it seems the DXY market has decided its direction.
DYX had an upward momentum from "28 Dec 2023" until mid of "Feb 2024", we faced some correction after that until 8 March when NFP and Unemployment news were released.
Since then DXY has been rising slowly but surely,
We expect this bullish momentum to stay alive until mid of "April 2024" with a 106-106.7 target.
DXY has made an AB=CD pattern. The AB leg and the BC leg have been made, so we believe that the market right now is going to build the CD leg.
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
