In this idea, the trend of the SXY index in next months is shown. I made this Idea based on Harmonic pattern using Fibonacci tools.
it is Possible that Sxy Rise to Reach next Golden Level Based on Crab pattern.
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The analysis of the candles led to the incorrectness of this idea due to the omission of the strange candle in the late December of 2022.
However, SXY starts to fly based on the BULLISH shark pattern in unit 104.6.
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Trend of sxy crab
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The use of the harmonic butterfly pattern suggests an expected shift in the exchange rate between the dollar and the franc in the coming days. This analytical approach aids in forecasting possible trends and patterns in the forex market. Stay vigilant and monitor the evolving market conditions to assess their potential impact on the exchange rate.