DXY - Possible scenarios going into next week
- DXY has made a bearish move after touching the upper ascending trend-line of an ascending channel formation
- Price is nearing the lower descending trend-line where we could see 2 scenarios
1. Price rejects the lower trend-line and moves back to the upper trend-line
2. Price breaks lower trend-line and continues bearish momentum
Watch for price action around the lower trend-line to gauge what might happen
THIS IS NOT TRADE ADVICE NOR A TRADE CALL
- Price is nearing the lower descending trend-line where we could see 2 scenarios
1. Price rejects the lower trend-line and moves back to the upper trend-line
2. Price breaks lower trend-line and continues bearish momentum
Watch for price action around the lower trend-line to gauge what might happen
THIS IS NOT TRADE ADVICE NOR A TRADE CALL
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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.
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.