DXY formed a Head & Shoulder pattern on weekly chart. From my analysis I expect it goes lower due to the following technical reasons:
1. The price formed a Head and Shoulder patter on weekly time frame. Which is a strong trajectory that it will continue going short.
2. 50 & 30 EMAs crossed over to the downside which is the first time after it crossed to the upside in June 2021
The only issue here is that we will face a turbulence which is a strong demand zone. If the price breaks below the demand zone, then the price will have a clear direction or else it will continue on a sideway move during summer season.
1. The price formed a Head and Shoulder patter on weekly time frame. Which is a strong trajectory that it will continue going short.
2. 50 & 30 EMAs crossed over to the downside which is the first time after it crossed to the upside in June 2021
The only issue here is that we will face a turbulence which is a strong demand zone. If the price breaks below the demand zone, then the price will have a clear direction or else it will continue on a sideway move during summer season.
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.
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.