DXY 1D - dollar waking up, but patience is key

8 Okt

On the daily chart, the US Dollar Index is showing the first signs of recovery: a falling wedge breakout and trendline breach hint that bulls are slowly reclaiming control. Price has moved above the EMA, a short-term bullish signal.

Still, MA200 remains above, reminding us that the broader trend is not yet flipped. The ideal play here - wait for a retest of the breakout trendline to confirm buyers’ strength before jumping in.

If price holds above 99.70, the next upside targets sit around 100.19, 101.31, and 102.63.
But keep in mind - DXY loves to test patience. False breakouts are its favorite sport.

Right now, the dollar looks ready to wake up, but maybe hit the snooze button one last time before the real move begins.

20 Nov

Dagangan aktif

The first target is closed at 100.195.