Thursday 11th April 2024: Technical Outlook and Review
Acts as Pullback resistance with a 127.20% Fibonacci Extension, indicating a key level where selling pressure might intensify, suggesting a potential turning point for the price to reverse and move downwards despite the prevailing bullish trend.
Friday 16th February 2024: Technical Outlook and Review
The DXY chart currently demonstrates a bullish overall momentum. There's a potential scenario where the price may drop further to the 1st support in the short term before bouncing from there and rising to the 1st resistance.
Friday 2nd February 2024: Technical Outlook and Review
The DXY (US Dollar Index) chart currently exhibits a neutral overall momentum, suggesting a lack of a strong trend in either direction. Price could potentially fluctuate between the 1st resistance and 1st support levels.
Wednesday 31st January 2024: Technical Outlook and Review
The analysis of the DXY (US Dollar Index) chart suggests a neutral overall momentum, indicating a lack of a clear trend direction at the moment.
Tuesday 30th January 2024: Technical Outlook and Review
The DXY (US Dollar Currency Index) chart currently exhibits a neutral overall momentum, indicating a lack of a strong directional bias.
Friday 5th January 2024: Technical Outlook and Review
DXY: The DXY (US Dollar Index) chart currently has a bearish […]
Thursday 21st December 2023: Technical Outlook and Review
DXY: The DXY (US Dollar Index) chart currently shows an overall […]
Tuesday 4th July 2023: Technical Outlook and Review
The BTC/USD instrument currently demonstrates a bullish momentum. The contributing factors suggest that the price could potentially continue its bullish trend towards the 1st resistance.
Monday 3rd July 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart exhibits a bearish momentum, indicated by the price being below a major descending trend line, suggesting the potential for further downward movement. The price is currently testing this descending trend line, which acts as a resistance.
