DXY - 4H Bearish Signs

10 Oca

DXY has shown an impressive rally from the 100 zone, forming three major bullish legs, each contributing approximately 4% gains. These bullish phases have now brought the index close to the critical 110 level.

However, in the third major leg, we observe the formation of three minor legs, signaling some hesitation as it nears the resistance zone. While many expect the index to break through 110 easily, I anticipate price swings around the 109-110 range, and even the possibility of a deeper pullback before resuming its upward trend.

With the NFP data release today, we might see increased volatility, offering opportunities for a potential DXY decline before any further rise. Stay alert for sharp market moves! 📉

15 Oca

İşlem aktif

As I anticipated, the DXY index couldn’t pass the 110 level and reversed from that zone! 📉
Following this analysis, we took precise buy positions on EURUSD and GBPUSD, securing hundreds of pips profit. 🚀

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