DXY formed a Head & Shoulder pattern on weekly chart. From my analysis I expect it goes lower due to the following technical reasons:
1. The price formed a Head and Shoulder patter on weekly time frame. Which is a strong trajectory that it will continue going short.
2. 50 & 30 EMAs crossed over to the downside which is the first time after it crossed to the upside in June 2021
The only issue here is that we will face a turbulence which is a strong demand zone. If the price breaks below the demand zone, then the price will have a clear direction or else it will continue on a sideway move during summer season.
1. The price formed a Head and Shoulder patter on weekly time frame. Which is a strong trajectory that it will continue going short.
2. 50 & 30 EMAs crossed over to the downside which is the first time after it crossed to the upside in June 2021
The only issue here is that we will face a turbulence which is a strong demand zone. If the price breaks below the demand zone, then the price will have a clear direction or else it will continue on a sideway move during summer season.
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Feragatname
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.
Join our PropSignals Channels on Telegram
t.me/PropsignalAE
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Feragatname
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.