DXY coold down before going up. Inv H&S pattern.

2024年7月12日

The DXY is experiencing a cooldown, as indicated by the MACD. It was overbought and needs to relax a bit. However, this is not a reversal; it is just a reaccumulation. The inverse head and shoulders pattern suggests a target of $106 if the pattern stops at the bottom of the right shoulder, returning to its previous level and ready for more uptrend.

A buy in the green zone is a safe entry.

Always do your own research (DYOR). This is just chart analysis, not financial advice.

2024年7月17日

ノート

DXY has entered the green box, completing the inversed head and shoulder pattern. It should go back in an uptrend tomorrow or the next day.

2024年7月22日

トレード終了: 利益確定目標に到達

Everything happened according to plan. DXY bounced in the support zone.

2024年7月25日

ノート

DXY has broken the structure to the upside, which logically means an uptrend continuation.

2024年8月3日

ノート

Well I hate to say that, but this idea seems to play out by reaching the second resistance at 102. The macro economy is pretty bad for the USD atm.

2024年8月10日

ノート

The DXY has bounced from my second support zone. I expect it to consolidate at this point. If it goes lower, that will be pretty bad.since the next support is at 100.