DXY has been showing signs of strength after Banks Failures, printing what seems to be a Double Bottom at 100.8
Despite uncertainty over the Banking Sector,
there is definetely some Room for Growth to 105-106 regarding
DXY Dollar Index Reaching such a target, would put
DXY on Major Critical Resistances areas :- Broken Macro Trendline (in white)
- 0.618 Macro Fibonnaci Level
- 114 High Resistance Trendline (white + dashed line)
(current resistance on *D time-frame
DXY will be facing is 200EMA on orange)Worth mentioning is that
DXY seems to been having create a big ranging zone between 100.8 to 105.9 (upcoming idea will be clearer on this range)
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TRADE SAFE
*** Note that this is not Financial Advice !
Please do your own research and consult your own financial advisor before participating on any trading activity based soly upon this idea
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