Hi everyone๐(Reading time less than 2 minutesโฐ).
It is better first to take a look at the daily chart of the DXY index.
As you can see in the chart below, DXY has managed to form a Piercing Line Candlestick Pattern near the ๐ขheavy support zone($ 101.640-$ 100.80)๐ข.
๐Piercing Line Candlestick Pattern is a two-day, candlestick price pattern that marks a potential short-term reversal from a downward trend to an upward trend. The pattern includes the first day opening near the high and closing near the low with an average or larger-sized trading range.
In the 4-hour time frameโฐ, DXY has managed to form a Bullish Engulfing Candlestick Pattern in the s๐ขsupport zone($ 102.230-$ 101.910)๐ข (it should be noted that the formed pattern is one of the valid and strong return patterns).
Also, Regular Divergence (RD+) can be seen between two successive valleys.
๐I expect that in the coming days, DXY will take a bullish position after breaking the downtrend line and even breaking the ๐ดresistance zone($ 102.86-$102.67)๐ด.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frameโฐ.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the โ ' like'โ button ๐๐ & Share it with your friends; thanks, and Trade safe.
It is better first to take a look at the daily chart of the DXY index.
As you can see in the chart below, DXY has managed to form a Piercing Line Candlestick Pattern near the ๐ขheavy support zone($ 101.640-$ 100.80)๐ข.
๐Piercing Line Candlestick Pattern is a two-day, candlestick price pattern that marks a potential short-term reversal from a downward trend to an upward trend. The pattern includes the first day opening near the high and closing near the low with an average or larger-sized trading range.
In the 4-hour time frameโฐ, DXY has managed to form a Bullish Engulfing Candlestick Pattern in the s๐ขsupport zone($ 102.230-$ 101.910)๐ข (it should be noted that the formed pattern is one of the valid and strong return patterns).
Also, Regular Divergence (RD+) can be seen between two successive valleys.
๐I expect that in the coming days, DXY will take a bullish position after breaking the downtrend line and even breaking the ๐ดresistance zone($ 102.86-$102.67)๐ด.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frameโฐ.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the โ ' like'โ button ๐๐ & Share it with your friends; thanks, and Trade safe.
ืืขืจื:
What is your ideaโ๏ธโ
ืืขืจื:
DXY was able to break the downtrend line and resistance zone as I expected โ
ืืขืจื:
DXY seems to have pulled back to the resistance zone
ืืขืจื:
DXY is ready to โ๏ธattackโ๏ธ the next ๐ดresistance zone๐ด
DXY is ready to โ๏ธattackโ๏ธ the next ๐ดresistance zone๐ด
๐Real & Accurcy Free & VIP Signals/Learing Technical Analysis๐ t.me/ProTrader_365
๐Please follow us on Telegram for more analysis.๐ t.me/ProTrader_365
๐Get a 20% Discount on your trading FEE on Bingx: shorturl.at/cfhE3
๐Please follow us on Telegram for more analysis.๐ t.me/ProTrader_365
๐Get a 20% Discount on your trading FEE on Bingx: shorturl.at/cfhE3