Dxy Monthly Chart Analysis
DXY Monthly Chart Analysis:
- Five waves completed, Wave 5 hit the 1.618 Fib target, ending with bearish divergence—signaling confidence in the move's completion.
- Price is currently above the monthly EMA21 and the blue curved trend line.
- When these two supports fail (expected soon), a downturn will be confirmed.
- First target: 1.0 Fib extension for Wave C, equal to Wave A (93.103).
- Five waves completed, Wave 5 hit the 1.618 Fib target, ending with bearish divergence—signaling confidence in the move's completion.
- Price is currently above the monthly EMA21 and the blue curved trend line.
- When these two supports fail (expected soon), a downturn will be confirmed.
- First target: 1.0 Fib extension for Wave C, equal to Wave A (93.103).
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