This is Jimmy Moonboy forecasting DXY's movement. My previous posts explained the bearish divergences and broken structures in more detail.
Enjoy ;-)
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DXY heading towards the 200-day moving average.
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Further signs of weakness on the weekly chart with this new candle forming. Major support zones are shown below:
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Following up from my update on November 13th, the DXY is now sitting at the 200-day moving average. If it starts breaking below this, it is extremely bearish.
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Another quick update: DXY has broken below the 200-day moving average, came back up and got rejected on it. Also, the horizontal support level has been broken. Still looking bearish in my opinion, and I would not be surprised to see this go somewhere between 100 - 103 in the coming weeks.
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As expected, DXY has fallen between 100 - 103 per my previous update. We are now at the weekly .5 fib retracement.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.