"Awaiting Bearish Confirmation at Key Resistance Zone on DXY"

14 Oca

Based on the chart of the U.S. Dollar Index:

1. **Trend Analysis**: The index is currently within an upward channel, indicating a bullish trend. The price is oscillating between the upper and lower boundaries of this channel.

2. **Recent Movements**: There’s a noticeable price peak around the upper boundary, suggesting potential exhaustion. The recent downward movement indicates the possibility of a reversal.

3. **Bearish Confirmation**: The note emphasizes waiting for bearish confirmation before executing any trades. This suggests that it's prudent to look for signs of trend reversal or weakening momentum before making a bearish move.

4. **Strategy**: The advice is clear: without confirmation of a bearish trend, no trading should occur, highlighting a cautious approach.

5. **Key Levels**: Watch for key support around the mid-channel and resistance near the upper boundary, which could signal entry or exit points.

Overall, the chart indicates a cautious approach is necessary, focusing on confirmations before taking any trading actions.

15 Oca

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Good our analysis is running in to our target