DXY Is Very Bearish! Short!

28 Kas 2023

Here is our detailed technical review for DXY.

Time Frame: 30m
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is testing a major horizontal structure 102.839.

Taking into consideration the structure & trend analysis, I believe that the market will reach 102.744 level soon.

P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.

Like and subscribe and comment my ideas if you enjoy them!

1 Ara 2023

İşlem kapandı: hedefe ulaştı

That was an excellent trade and the target was reached too!