It looks very interesting for the DXY; it's swimming in a bearish area. The 93.000 caused a huge amount of excitement for bulls such they aim for the 105.000
But I don't see the RSI encouraging such hopes, it reports that this is a bearish trend. Right now, the candle structure says that we should see two more bullish candles over the 94.000.
It's not clear how those two bullish candles will happen, but, we call this bearish.
92.848 is the Tp area, and the bias is 87.131. Monitoring is required.
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Khiwe
On this profile page, the shared analysis, ideas, and also, the strategy of a chart belong to Khiwe with some being influenced. The technical set-ups are speculative, they are not guaranteed for accuracy or completeness in the form of any content; it is not to advise on financial markets. Please apply your own analysis and confirm it with price action.
But I don't see the RSI encouraging such hopes, it reports that this is a bearish trend. Right now, the candle structure says that we should see two more bullish candles over the 94.000.
It's not clear how those two bullish candles will happen, but, we call this bearish.
92.848 is the Tp area, and the bias is 87.131. Monitoring is required.
.
Khiwe
On this profile page, the shared analysis, ideas, and also, the strategy of a chart belong to Khiwe with some being influenced. The technical set-ups are speculative, they are not guaranteed for accuracy or completeness in the form of any content; it is not to advise on financial markets. Please apply your own analysis and confirm it with price action.