💸DXY Index💸 will Go Up by Falling Wedge Pattern⏰(1-Hour)⏰
Updated
✅The DXY Index has completed a Falling Wedge Pattern in the 🟢Heavy Support zone($105.80_$104.530)🟢 and 🟡Price Reversal Zone(PRZ)🟡.
💡Also, we can see Regular Divergence(RD+) between two consecutive valleys.
🔔I expect the DXY Index will go UP after breaking the upper line of the Falling Wedge Pattern to the 🔴Resistance zone🔴.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
💡Also, we can see Regular Divergence(RD+) between two consecutive valleys.
🔔I expect the DXY Index will go UP after breaking the upper line of the Falling Wedge Pattern to the 🔴Resistance zone🔴.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
Note
DXY was able to break the upper line of Falling Wedge.Note
DXY reacts well to 🟡Price Reversal Zone(PRZ)🟡.Trade closed: target reached
Note
DXY reacted well to the uptrend line, and I expect that DXY will go up again in the short term.
👑Real & Accurcy Free & VIP Signals👉 t.me/ProTrader_365
📚Contact & Learning Technical Analysis 👉t.me/Ad_ProTrader365
📚Contact & Learning Technical Analysis 👉t.me/Ad_ProTrader365
Related publications
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.