DXY analysis
After hitting a new high since years, the DXY may see a reversal and that's why.
The market became over sold on the RSI indicator along with a DOUBLE TOP forming and if we take a look at the MACD indicator the lines are very close to crossing bearish.
We don't have a confirmation for the price movement for now what I want to see is a big red candle closing which indicates a selling pressure alongside a bearish cross in the MACD.
If the DXY started dumping again that could affect or financial markets!!
NB: It's likely to drop because the resistance lines drawn in bright orange are the strongest resistances for the DXY.
The market became over sold on the RSI indicator along with a DOUBLE TOP forming and if we take a look at the MACD indicator the lines are very close to crossing bearish.
We don't have a confirmation for the price movement for now what I want to see is a big red candle closing which indicates a selling pressure alongside a bearish cross in the MACD.
If the DXY started dumping again that could affect or financial markets!!
NB: It's likely to drop because the resistance lines drawn in bright orange are the strongest resistances for the DXY.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.