DXY - 1H still bearish...
While some signals indicate buy opportunities on the dollar index, I remain skeptical. As mentioned in our 4H analysis, the third bullish leg has been completed, and I expect a deeper correction in 
DXY .
In the 1H time frame, we can observe that the second reaction to the support zone is significantly weaker than the first. This could indicate a potential breakdown of the support zone, with the index likely falling below the 107 level.
Let’s see how this plays out! Follow for timely updates and expert insights! 🚀
DXY .In the 1H time frame, we can observe that the second reaction to the support zone is significantly weaker than the first. This could indicate a potential breakdown of the support zone, with the index likely falling below the 107 level.
Let’s see how this plays out! Follow for timely updates and expert insights! 🚀
Trade active
DXY Breaks 107 as Expected
As predicted, the Dollar Index fell below 107. A slight recovery toward 107.5 might occur, but if the index loses the current support zone, it could drop further toward 105, targeting the base of the last bullish leg on the daily timeframe.
Stay tuned for market action signs to confirm the next move. Follow us and don’t miss upcoming opportunities!
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💵 Gold & Forex – Expert insights & accurate signals!
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