DXY Looks like it's in a bearish wedge formation that formed on June 18th and this is inside of another larger bearish wedge structure with a base around 89 which is where I think the ultimate target is before the next move up or down in DXY can be determined.
This is a medium-long range HTF forecast - not to be used for shorter term trades. In the shorter term time frames it looks like DXY could continue higher over next few days and couple weeks before breaking down from the bearish wedge structure formed on June 18th.
This is a medium-long range HTF forecast - not to be used for shorter term trades. In the shorter term time frames it looks like DXY could continue higher over next few days and couple weeks before breaking down from the bearish wedge structure formed on June 18th.
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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.