Friday 6th October 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart currently maintains a bearish overall momentum, and there's a potential scenario of a bearish continuation towards the 1st support 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.
Friday 29th September 2023: Technical Outlook and Review
The DXY chart is currently exhibiting bullish momentum, with its position above the bullish Ichimoku cloud suggesting further bullish activity. In the short term, the price may decline to the 1st support at 105.41, an overlap support reinforced by a 23.60% Fibonacci Retracement, before experiencing a bounce towards the 1st resistance at 106.76.
Thursday 28th September 2023: Technical Outlook and Review
The DXY chart currently exhibits a bullish momentum, with a potential short-term drop to the 1st support at 105.83, identified as a pullback support, before potentially rising towards the 1st resistance. The 2nd support level is at 105.40, marked as an overlap support, serving as another potential floor for prices.
Wednesday 27th September 2023: Technical Outlook and Review
The DXY chart currently displays bullish momentum, as the price is above the bullish Ichimoku cloud, suggesting a potential bullish continuation towards the 1st resistance.
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.
