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.
Tuesday 12th September 2023: Technical Outlook and Review
The current analysis of the DXY (US Dollar Index) chart indicates a prevailing bullish momentum. There is a prospect of a bullish rebound anticipated at the 1st support level at 104.41, which is characterized as an overlap support.
Monday 11th September 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart currently displays a bullish overall momentum, with price situated within a bullish ascending channel. There's potential for a bullish bounce off the 1st support level at 104.65, identified as an overlap support.
Friday 8th September 2023: Technical Outlook and Review
The DXY chart presently demonstrates a bearish momentum, indicating a predisposition for further downward movement. The 1st support level at 104.53 and the 2nd support level at 103.94 are both recognized as overlap supports, underlining their significance in potentially halting price declines.
Wednesday 6th September 2023: Technical Outlook and Review
The DXY chart is currently characterized by a bullish overall momentum, indicating the potential for an upward trend in price movement.
Tuesday 5th September 2023: Technical Outlook and Review
The DXY chart exhibits a bullish momentum, indicating an upward trend in price movement. This sentiment is supported by the price's position within a bullish ascending channel, suggesting the potential for further upward momentum.
Monday 4th September 2023: Technical Outlook and Review
The DXY chart is currently showing a bullish overall momentum, suggesting an upward trend in the price movement. This bullish sentiment is reinforced by the fact that the price is within a bullish ascending channel, indicating a potential continuation of the upward trajectory.
Thursday 31st August 2023: Technical Outlook and Review
The current state of the DXY chart indicates a bullish momentum overall. There is a potential scenario where the price could experience a bullish rebound from the 1st support level and subsequently move towards the 1st resistance level.
