UPDATE: DIXIE still on its way down to 96.40
Since September 2022, the DIXIE has been coming down on a strong bear trend.
When this happens, the US Dollar weakens and many of the other currencies strengthen.
Hence you can see the EUR/USD taking off for the first time in months...
Anyway, technically the DIXIE is still showing more downside to come.
Technically, the price remains below 200SMA (Black Line) which turned the background RED.
Second, the RSI has remained below the 50 mark, which is why the background remains red - Bearish...
Thirdly, there is a strong down channel which the price is riding down.
My first target for the Dixie remains at is 96.40.
Trade well, live free..
Timon
(Financial trader since 2003)
When this happens, the US Dollar weakens and many of the other currencies strengthen.
Hence you can see the EUR/USD taking off for the first time in months...
Anyway, technically the DIXIE is still showing more downside to come.
Technically, the price remains below 200SMA (Black Line) which turned the background RED.
Second, the RSI has remained below the 50 mark, which is why the background remains red - Bearish...
Thirdly, there is a strong down channel which the price is riding down.
My first target for the Dixie remains at is 96.40.
Trade well, live free..
Timon
(Financial trader since 2003)
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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