DXY Monthly Chart Analysis:
- Five waves completed, Wave 5 hit the 1.618 Fib target, ending with bearish divergence—signaling confidence in the move's completion.
- Price is currently above the monthly EMA21 and the blue curved trend line.
- When these two supports fail (expected soon), a downturn will be confirmed.
- First target: 1.0 Fib extension for Wave C, equal to Wave A (93.103).
- Five waves completed, Wave 5 hit the 1.618 Fib target, ending with bearish divergence—signaling confidence in the move's completion.
- Price is currently above the monthly EMA21 and the blue curved trend line.
- When these two supports fail (expected soon), a downturn will be confirmed.
- First target: 1.0 Fib extension for Wave C, equal to Wave A (93.103).
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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.