Here is an update on the DXY
RECAP:
In our previous analysis we expected the DXY to be bullish. DXY was trading at 90.9 and was within the ascending channel
DXY fell and broke below the ascending channel and also our support at 90.6
After breaking below support we expected DXY to continue its downward trend toward 90.4, 90.0 & 89.2
DXY continued to fall to 90.39 as we expected and is currently trading at 90.42
WHAT TO EXPECT:
DXY is currently trading at a support level at 90.4
We expect DXY to be short term bullish and trade towards previous support at 90.6 before continuing its downward trend
Long term DXY is bearish
Note: Trading Events might influence DXY today.
RECAP:
In our previous analysis we expected the DXY to be bullish. DXY was trading at 90.9 and was within the ascending channel
DXY fell and broke below the ascending channel and also our support at 90.6
After breaking below support we expected DXY to continue its downward trend toward 90.4, 90.0 & 89.2
DXY continued to fall to 90.39 as we expected and is currently trading at 90.42
WHAT TO EXPECT:
DXY is currently trading at a support level at 90.4
We expect DXY to be short term bullish and trade towards previous support at 90.6 before continuing its downward trend
Long term DXY is bearish
Note: Trading Events might influence DXY today.
