When can the DXY index break the Descending Channel❗️❓

1 May 2023

The DXY index has been moving in the descending channel for more than 1 month.📆

DXY seems to have formed the Double Three Correction structure(WXY) in the middle of the descending channel during the last two weeks.

I expect the end of wave Y to finish near the middle line of the descending channel and the🟢support zone($ 101.3-$ 100.82)🟢, and again DXY will attack the upper line of the descending channel for the 5️⃣fifth time5️⃣ and break the descending channel.

U.S.Dollar Currency Index ( DXYUSD ) Analyze, 2-hour time frame⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.

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1 May 2023

İşlem aktif

1 May 2023

Not

DXY is trying to break the descending channel.

2 May 2023

Not

DXY was able to break the descending channel.

2 May 2023

Not

New update.