DXY approaching resistance, potential for a drop!
approaching resistance at 90.34 (61.8% Fibonacci extension , horizontal swing high resistance) where it could potentially fall to its 1st support at 89.52 (61.8% Fibonacci extension , 100% Fibonacci extension , 50% Fibonacci retracement , horizontal overlap support). We have identified another resistance area at 91.01 (61.8% Fibonacci extension , L T 61.8% Fibonacci extension , 38.2% Fibonacci retracement , horizontal overlap resistance.)
Stochastic (55, 5, 3) shows a corresponding approach to its resistance at 96.68%. We have also identified a bearish divergence with price.
Stochastic (55, 5, 3) shows a corresponding approach to its resistance at 96.68%. We have also identified a bearish divergence with price.
Note
Reversing perfectly guys! Anyone in on this?
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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.