๐ฒDollar Road To The South
๐ฒAs we can see, the Dollar, however, has chosen to go south in recent days all thanks to the inflation readings in the US, which again scored a fall as I wrote in previous posts.
๐ฒAhead of us there is a significant support zone determined on the basis of the 0.5 wave level from the 2021 bottom to the 2022 peak
๐ฒLooking at the current stock market situation there I expect a continuation of the downward movement.
๐ฒAbove us is a resistance zone determined by the 0.382 level of the same wave as support.
๐ฒTaking into account the MACD and RSI I have no doubts about the strength and direction of the trend.
๐ฒThe scenario I am playing out is a continuation of the declines to the levels of the support zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
๐ฒ*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
๐If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.๐
๐ฒAs we can see, the Dollar, however, has chosen to go south in recent days all thanks to the inflation readings in the US, which again scored a fall as I wrote in previous posts.
๐ฒAhead of us there is a significant support zone determined on the basis of the 0.5 wave level from the 2021 bottom to the 2022 peak
๐ฒLooking at the current stock market situation there I expect a continuation of the downward movement.
๐ฒAbove us is a resistance zone determined by the 0.382 level of the same wave as support.
๐ฒTaking into account the MACD and RSI I have no doubts about the strength and direction of the trend.
๐ฒThe scenario I am playing out is a continuation of the declines to the levels of the support zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
๐ฒ*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
๐If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.๐
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๐ฒ To keep up to date with all my activities I invite you to visit my Telegram ๐ฒ
๐ฒ www.t.me/Investmatez ๐ฒ
๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ