DXY - Daily start of bullish leg

6 HazThe Dollar Index (DXY) has experienced two significant bullish legs followed by pullbacks. Currently, it is at the end of the most recent pullback. Notably, the falling momentum appears to be weakening, as evidenced by the shorter and less intense downward legs during the pullback phases. This weakening momentum suggests that the bearish pressure may be subsiding, and the DXY could be preparing for another upward movement.

As illustrated on the chart, the previous pullbacks were marked by substantial declines. However, the current pullback is characterized by weaker downward legs, indicating a potential shift in market sentiment. This could lead to the DXY resuming its bullish trend if it manages to break above the recent resistance levels. Traders should closely monitor the price action for confirmation of a reversal, which would be supported by stronger bullish legs and the continuation of the uptrend.

8 Haz

Yorum

We nailed it again with our DXY analysis! 👏 Remember how we identified the weak momentum in those bearish pullbacks and anticipated the bullish reversal? Well, the Dollar Index has played out just as we projected. Our careful analysis of the waning downward strength pointed us in the right direction, and the DXY is now on the rise! 📈

This success is a testament to our strategy and precision. Keep up the great work, and let's continue to stay ahead of the market together. Your trust in the analysis is paying off, and it’s moments like these that highlight the power of our collective insight. Here's to more wins and spot-on predictions! 🥂🚀

12 Haz

Yorum

Do you remember this analysis? 📈

When many traders were convinced that the ascending channel was broken and expected a further decline in DXY after the pullback, I presented a different perspective. I predicted the continuation of the uptrend, and here we are!
Your trust in our analysis has paid off. 💪🚀

14 Haz

Yorum

Our analysis continues to play out accurately. Following the release of the CPI data, DXY experienced a dip but found support at the breakeven point of the rising spike. As anticipated, this level acted as a robust support zone, enabling the index to rebound and resume its upward trajectory. This aligns well with our earlier observation regarding the strength of the bulls over the bears in the daily timeframe.

28 Haz

Yorum

Our analysis was spot on! 🎯 DXY has risen towards the resistance zone and reached our target. This demonstrates the power of accurate technical analysis and our understanding of market momentum. Well done to everyone who followed along with this idea! Keep an eye on further movements, and let’s continue to make informed trading decisions. 🚀