Friday 20th October 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart currently displays an overall neutral momentum, suggesting a potential scenario for price to fluctuate between the 1st resistance and the 1st support levels. However, the Relative Strength Index (RSI) is displaying bullish divergence versus price, indicating the likelihood of a bullish move towards the 1st resistance level.
Wednesday 18th October 2023: Technical Outlook and Review
The DXY chart currently exhibits bearish momentum, with the potential scenario of a bearish break below the 1st support level, targeting the 2nd support level.
Tuesday 17th October 2023: Technical Outlook and Review
The DXY chart currently exhibits a bullish momentum, suggesting the potential for a bullish bounce off the 1st support level and a move towards the 1st resistance.
Monday 16th October 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart currently demonstrates bullish momentum, indicating the potential for a bullish continuation towards the 1st resistance level.
Friday 13th October 2023: Technical Outlook and Review
The DXY chart currently exhibits a bearish overall momentum, suggesting the potential for a bearish continuation towards the 1st support level.
Thursday 12th October 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart currently exhibits bullish momentum, suggesting the potential scenario of a bullish bounce off the 1st support level with a subsequent move towards the 1st resistance.
Wednesday 11th October 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart currently exhibits a weak bullish momentum with a potential for price to make a bullish bounce off the 1st support level and move higher.
Tuesday 10th October 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart currently exhibits an overall bearish momentum with a potential for price to make a bearish continuation towards the 1st support level.
Monday 9th October 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart currently maintains an overall bullish momentum with a potential for price to bounce off the 1st support level and the lower channel line of the bullish ascending channel to make a bullish continuation towards the 1st resistance level.
