The DXY has been moving within a descending trend channel. This indicates a continued downward momentum over the recent trading sessions.
On the downside, we have a significant support level that has been tested multiple times, highlighting the importance of this level to market participants.
Potential Bullish Breakout: Lately, we are seeing that the price is testing the upper boundary of the trend channel. A successful breakout above this level could signal a shift in market sentiment.
A breakout above the descending trend line could attract buyers looking for a change in trend, potentially driving the price upwards. A target of 103.60 has been set, representing a significant rise from the current level.
Look for confirmation of the breakout with high volume and a possible retest of the broken trend line, which may now act as support.
On the downside, we have a significant support level that has been tested multiple times, highlighting the importance of this level to market participants.
Potential Bullish Breakout: Lately, we are seeing that the price is testing the upper boundary of the trend channel. A successful breakout above this level could signal a shift in market sentiment.
A breakout above the descending trend line could attract buyers looking for a change in trend, potentially driving the price upwards. A target of 103.60 has been set, representing a significant rise from the current level.
Look for confirmation of the breakout with high volume and a possible retest of the broken trend line, which may now act as support.
Spira Scalper
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Spira Scalper
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.