Tuesday 26th September 2023: Technical Outlook and Review
The DXY chart currently exhibits a bearish momentum. There's a possibility for a bearish reaction off the 1st resistance at 106.02, leading to a drop towards the 1st support at 105.64. This 1st support is significant due to its characterization as an overlap support and the presence of the 38.20% Fibonacci Retracement.
Friday 22nd September 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart currently shows a bullish overall momentum, supported by several technical factors. This bullish sentiment indicates a potential scenario where the price could continue its upward movement towards the 1st resistance level.
Thursday 21st September 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart currently exhibits a bullish overall momentum, with several factors contributing to its upward trajectory. A significant factor in this bullish sentiment is the price's position above the bullish Ichimoku cloud, indicating the potential for further bullish movement.
Wednesday 20th September 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart currently demonstrates a robust bullish momentum, buoyed by several key factors that contribute to its upward trajectory. Notably, the price maintains its position above a significant ascending trend line, signaling the potential for further bullish momentum and reinforcing the overall positive sentiment.
Tuesday 19th September 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart currently demonstrates a robust bullish momentum, buoyed by several key factors that contribute to its upward trajectory. Notably, the price maintains its position above a significant ascending trend line, signaling the potential for further bullish momentum and reinforcing the overall positive sentiment
Monday 18th September 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart is currently displaying a robust and sustained bullish momentum, with several compelling factors contributing to this positive outlook. At the core of this optimism is the DXY's position within an ascending channel, providing a clear pathway for bullish continuation as price movements typically follow higher highs and higher lows within such channels.
Friday 15th September 2023: Technical Outlook and Review
DXY: The DXY (US Dollar Index) chart currently exhibits a bearish […]
Thursday 14th September 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart currently reflects a neutral overall momentum, indicating a lack of a clear bullish or bearish bias. There's a potential scenario where the price may oscillate within a range, fluctuating between the 1st support and 1st resistance levels.
Wednesday 13th September 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart currently demonstrates a bullish momentum, indicating a potential upward trend in price movement. There's a possibility of a bullish rebound from the 1st support level at 104.41, which is an overlap support.
