U.S. Dollar IndexShort
DXY reversed nicely off its resistance, potential to drop more!
DXY reversed nicely off its resistance at 89.67 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall to its support at 89.24 (61.8% Fibonacci extension x2, 78.6% Fibonacci retracement, horizontal swing low support). We have also identified another stop loss at 89.86 (100% Fibonacci extension).
Stochastic (89, 5, 3) reversed off its resistance at 97% where it has a lot of corresponding downside potential.
Stochastic (89, 5, 3) reversed off its resistance at 97% where it has a lot of corresponding downside potential.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.