DXY potential move
מעודכן
DXY is having bearish trend in general while creating descending broadening wedge in 1H timeframe.
I am predicting two scenarios:
1. DXY will move upward temporarily to 102 and continue to go to 100.5
2. DXY will have reversal to break the resistance of the descending broadening wedge and continue to reach 104 (Fibonacci retracement 1.618)
I am predicting two scenarios:
1. DXY will move upward temporarily to 102 and continue to go to 100.5
2. DXY will have reversal to break the resistance of the descending broadening wedge and continue to reach 104 (Fibonacci retracement 1.618)
הערה
On track to the resistance of scenario 1הערה
we should be cautious about DXY in general since there is a chance that US will raise its interest rate again which might bring upside to DXY index.
Mekar Trading Forex by Andrey Kurniawan
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Telegram: t.me/forexmekartrading
Other contacts: linktr.ee/mekartrading
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