HEY , what's up traders!?
What about DXY ? as we can see since 2008 it has been growing in a super uptrend channel till now, and also during 1yr ago it has had a significate rising , climbed all the way from 89.2 up to 107.78
but as We can observe that recently has reached the 0.786 of FIBO LVL and reacted , so now it can correct on the mid-line of channel (white line) or even drop on the lower fib lvl(50%) as the next support !
but take it mine the recession news and hawkish fed effecting can causes more rising for dxy index, but in this case I also expect at least a pullback to lower level after reaching the higher trend line of channel ,
however it may aim to complete the dollar smile in the long term!
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
What about DXY ? as we can see since 2008 it has been growing in a super uptrend channel till now, and also during 1yr ago it has had a significate rising , climbed all the way from 89.2 up to 107.78
but as We can observe that recently has reached the 0.786 of FIBO LVL and reacted , so now it can correct on the mid-line of channel (white line) or even drop on the lower fib lvl(50%) as the next support !
but take it mine the recession news and hawkish fed effecting can causes more rising for dxy index, but in this case I also expect at least a pullback to lower level after reaching the higher trend line of channel ,
however it may aim to complete the dollar smile in the long term!
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
Comment:
' lower fib lvl (61.8%) not 50%
