Thursday 16th May 2024: Technical Outlook and Review
DXY (US Dollar Index): Potential Direction: BullishOverall momentum of the chart: […]
Wednesday 15th May 2024: Technical Outlook and Review
An overlap resistance is identified at this level, suggesting a significant area of potential selling pressure.
Tuesday 14th May 2024: Technical Outlook and Review
Price could potentially make a bearish reaction off pivot and drop to 1st support.
Friday 10th May 2024: Technical Outlook and Review
Price is trading around the pivot and could potentially make a bullish reaction off this level to rise towards the 1st resistance.
Wednesday 8th May 2024: Technical Outlook and Review
Price is rising towards the pivot and could potentially make a bearish reaction off this level to drop towards the 1st support.
Tuesday 30th April 2024: Technical Outlook and Review
Pullback support at the 61.80% Fibonacci Retracement level, indicating a significant level where buyers might step in to support the price, potentially providing a foundation for a bounce or temporary halt in the bearish momentum.
Friday 12th April 2024: Technical Outlook and Review
Acts as an Overlap resistance, indicating a key level where buying interest might intensify, suggesting a solid foundation for a potential upward movement within the context of the overall bullish trend.
Thursday 11th April 2024: Technical Outlook and Review
Acts as Pullback resistance with a 127.20% Fibonacci Extension, indicating a key level where selling pressure might intensify, suggesting a potential turning point for the price to reverse and move downwards despite the prevailing bullish trend.
Friday 16th February 2024: Technical Outlook and Review
The DXY chart currently demonstrates a bullish overall momentum. There's a potential scenario where the price may drop further to the 1st support in the short term before bouncing from there and rising to the 1st resistance.
