U.S. Dollar IndexShort
📊 DXY Hits Major Resistance Zone
The DXY hit its highest level since March 2023, entering a strong resistance zone.
The daily session is about to close on a strong bearish note.
We have a bearish pattern as well on the chart:
This is a drop that we have been expecting.
This rally has been going for 69 days now.
We have bearish divergence with the RSI since August.
A curve, rounding top, is starting to form on the MACD.
Going by past history, the next target can vary between 100 and 98.
Namaste.
The daily session is about to close on a strong bearish note.
We have a bearish pattern as well on the chart:
This is a drop that we have been expecting.
This rally has been going for 69 days now.
We have bearish divergence with the RSI since August.
A curve, rounding top, is starting to form on the MACD.
Going by past history, the next target can vary between 100 and 98.
Namaste.
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