Wednesday 13th December 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart currently has a bullish overall momentum, with price trading within a bullish ascending channel. In this scenario, price could potentially continue its bullish momentum towards the 1st resistance level.
Tuesday 12th December 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart currently has a bearish overall momentum, and there's a potential scenario where price could make a bearish reaction off the 1st resistance level and drop towards the 1st support.
Monday 11th December 2023: Technical Outlook and Review
The DXY chart currently exhibits a bearish overall momentum, and there's potential for a bearish reaction off the 1st resistance level, suggesting a possible downward movement towards the 1st support.
Friday 8th December 2023: Technical Outlook and Review
The DXY chart currently shows a bearish overall momentum, indicating a potential for a bearish continuation in the price action.
Thursday 7th December 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart is currently exhibiting a bearish overall momentum, and there's a possibility of a bearish reaction off the 1st resistance level, leading to a potential drop towards the 1st support.
Wednesday 6th Dec 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart currently has a bearish overall momentum, and there's potential for a bearish continuation towards the 1st support level.
Tuesday 5th Dec 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart currently has a bearish overall momentum. Price could potentially continue this bearish trend towards the 1st support at 103.02, which is identified as an overlap support. This level may act as a significant area where buying interest could emerge and potentially provide some support for the DXY.
Thursday 30th November 2023: Technical Outlook and Review
The DXY (US Dollar Index), the overall momentum of the chart is bearish, suggesting a potential download movement in price. In this scenario could potentially make a Bearish continuation towards the 1st support.
Wednesday 29th November 2023: Technical Outlook and Review
The DXY (US Dollar Index) could potentially make a Bearish continuation towards the 1st support. The 1st support at 102.30 is identified as a pullback support. This suggests that it's a significant level where buying interest may emerge, providing support for the DXY.
