US DOLLAR INDEX HAS LOST MOMENTUM TO THE UPSIDE
DAILY TF ANALYSIS
1. Price is currently dumping to the downside
as of writing this analysis.
this is what usually happens when the price reaches a
major key level. alongside with that is the news the
major news for USD later at 8:30pm GMT+8
2. While the trend is still bullish, I'm anticipating that
DXY is looking for a strong support level at this point.
3. Also note that on the technical perspective, RSI
has formed a hidden divergence on the daily TF
a strong indicator for a bearish momentum.
4. I'm looking for a bounce on our golden zone fib level
at 107- 107.500, if this level won't hold, a possible
retest on our 50ema is also possible.
NOTE THAT WHEN DXY MOVES, FINANCIAL MARKETS LIKE CRYPTO AND FOREX FOLLOWS
HELLO, TRADERS! IF YOU LIKE THIS ANALYSIS, PLEASE LEAVE A LIKE AND FOLLOW MY CHANNEL AND LET ME KNOW YOUR THOUGHTS BY COMMENTING DOWN BELOW.
1. Price is currently dumping to the downside
as of writing this analysis.
this is what usually happens when the price reaches a
major key level. alongside with that is the news the
major news for USD later at 8:30pm GMT+8
2. While the trend is still bullish, I'm anticipating that
DXY is looking for a strong support level at this point.
3. Also note that on the technical perspective, RSI
has formed a hidden divergence on the daily TF
a strong indicator for a bearish momentum.
4. I'm looking for a bounce on our golden zone fib level
at 107- 107.500, if this level won't hold, a possible
retest on our 50ema is also possible.
NOTE THAT WHEN DXY MOVES, FINANCIAL MARKETS LIKE CRYPTO AND FOREX FOLLOWS
HELLO, TRADERS! IF YOU LIKE THIS ANALYSIS, PLEASE LEAVE A LIKE AND FOLLOW MY CHANNEL AND LET ME KNOW YOUR THOUGHTS BY COMMENTING DOWN BELOW.
