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Next movements of Dxy
Based on the previous downtrend movement that has been made in the previous months, it seems that the downward leg has been weakening temporarily.
As seen in the chart, the last move of the Dxy index has made a new low in the last 71 days that has a little difference from the last low, which is shown in the chart.
All of this tells us the downtrend has been temporarily ended, and in the next few months we are going to have an upward trend in Dxy. Target zone of the upcoming upward trend is shown in chart by the purple lines.
As seen in the chart, the last move of the Dxy index has made a new low in the last 71 days that has a little difference from the last low, which is shown in the chart.
All of this tells us the downtrend has been temporarily ended, and in the next few months we are going to have an upward trend in Dxy. Target zone of the upcoming upward trend is shown in chart by the purple lines.
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