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.
Thursday 5th October 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart currently exhibits a bearish momentum, and there's a potential scenario of a bearish continuation towards the 1st support level at 105.68, which is considered significant as it's identified as an overlap support.
Wednesday 4th October 2023: Technical Outlook and Review
The DXY chart currently has a bearish overall momentum. There's a potential scenario of price fluctuating between the 1st resistance and 1st support levels.
Tuesday 3rd October 2023: Technical Outlook and Review
The DXY chart currently demonstrates a bullish momentum, with the possibility of a short-term drop to the 1st support level before potentially bouncing and rising towards the 1st resistance level.
Monday 2nd October 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart is currently experiencing bullish momentum, with several factors contributing to this trend. These factors include the price being above the bullish Ichimoku cloud and within a bullish ascending channel, both of which support the bullish outlook.
