(DXY) U.S Dollar weakness explained by ThinkingAntsOk
-Daily Chart Explanation:
In daily timeframe, price broke the Ascending Wedge Pattern. After that, it started a bullish movement again, which ended at the Top of the Minor Ascending Wedge. At this moment we expect a breakout of the Ascending Trendline and a consolidation below. So, if that happens, then the movement has potential to reach the Support Zone, and if it is broke, then the Weekly Ascending Channel.
-Weekly Chart Analysis:
In daily timeframe, price broke the Ascending Wedge Pattern. After that, it started a bullish movement again, which ended at the Top of the Minor Ascending Wedge. At this moment we expect a breakout of the Ascending Trendline and a consolidation below. So, if that happens, then the movement has potential to reach the Support Zone, and if it is broke, then the Weekly Ascending Channel.
-Weekly Chart Analysis:
