Mallicast Team's Analysis and Forecast for the DXY Index

26 באוג׳ 2024

According to the Mallicast team's forecast, the US Dollar Index (DXY) could enter a corrective downtrend in lower time frames if it breaks the 100.730 level. Overall, the trend remains bullish in the weekly and monthly time frames. For time frames shorter than one hour, a price target of 100.923 can be considered. However, if the corrective downtrend in the monthly time frame continues, the index could potentially drop to 100.024 or even 99.126.