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andrey_kurniawan

DXY potential move

U.S. Dollar Index (TVC:DXY)  
andrey_kurniawan Updated   
TVC:DXY   U.S. Dollar Index
Wedge Fibonacci Support and Resistance DXY DJ FXCM Index Fibonacci Retracement wedgepatterns descending
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wedgepattern fibonacci supportandresistance dxy usdollar fibonacciretracement wedgepatterns descending
DXY is having bearish trend in general while creating descending broadening wedge in 1H timeframe.

I am predicting two scenarios:
1. DXY will move upward temporarily to 102 and continue to go to 100.5
2. DXY will have reversal to break the resistance of the descending broadening wedge and continue to reach 104 (Fibonacci retracement 1.618)
Comment:
On track to the resistance of scenario 1
Comment:
we should be cautious about DXY in general since there is a chance that US will raise its interest rate again which might bring upside to DXY index.
Mekar Trading Forex by Andrey Kurniawan

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