DXY Will Go Higher From Support! Buy!

31 Jan

Take a look at our analysis for DXY.

Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is trading around a solid horizontal structure 103.563.

The above observations make me that the market will inevitably achieve 105.157 level.

P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.

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3 Feb

Catatan

I am confident in this trade so I will keep it open!