DXY Weekly analysis 24-Aug-2024
Updated
Dxy is in the ascending channel in the monthly time frame
Also, at the moment, it is almost close to the bottom of the channel
As various indicators show oversold, I expect the price to bounce back from the area shown on the chart.
Otherwise, with the channel floor breaking, I expect the price to drop to the specified range
But even if the price continues to decline, we should see a pullback in this area
*Be profitable
Thank you for expressing your opinion with likes and comments
Also, at the moment, it is almost close to the bottom of the channel
As various indicators show oversold, I expect the price to bounce back from the area shown on the chart.
Otherwise, with the channel floor breaking, I expect the price to drop to the specified range
But even if the price continues to decline, we should see a pullback in this area
*Be profitable
Thank you for expressing your opinion with likes and comments
Trade active
Active
Trade active
ActiveNote
ActiveNote
ActiveTrade closed: target reached
Target reached
Good luck
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.