Wednesday 3rd April 2024: Technical Outlook and Review
Acts as an Overlap support with a 50% Fibonacci Retracement, indicating a key level where buying interest might intensify, suggesting a solid foundation for a potential upward movement within the context of the overall bullish trend.
Tuesday 2nd April 2024: Technical Outlook and Review
Acts as an Overlap resistance with a 61.80% Fibonacci Retracement and a 61.80% Fibonacci Projection, indicating a significant level of Fibonacci confluence.
Monday 1st April 2024: Technical Outlook and Review
Acts as an Overlap resistance with a 61.80% Fibonacci Retracement and a 61.80% Fibonacci Projection, indicating a significant level of Fibonacci confluence.
Thursday 28th March 2024: Technical Outlook and Review
Acts as an Overlap resistance, indicating a key level where selling pressure might intensify, suggesting a pivotal spot for potential downturns in price movement.
Wednesday 27th March 2024: Technical Outlook and Review
Identified as Multi-swing high resistance, marking a significant barrier that has previously limited upward movements, highlighting its role as a crucial threshold for price action
Tuesday 26th March 2024: Technical Outlook and Review
Overall momentum of the chart: Bullish Price could potentially make a Bullish bounce off pivot and head towards 1st resistance
Monday 25th March 2024: Technical Outlook and Review
DXY: Potential Direction: Bearish Overall momentum of the chart: Neutral Price […]
Friday 22nd March 2024: Technical Outlook and Review
The dollar index (DXY) chart currently demonstrates an overall bullish momentum. In this context, there is a potential scenario for price to rise towards the pivot before potentially making a bearish reaction and pull back towards the 1st support.
Thursday 21st March 2024 : Technical Outlook and Review
For DXY, in alignment with the overall bullish momentum of the chart, there's a potential scenario indicating a bullish bounce off the pivot level, possibly leading towards the 1st resistance.
