🏃♂️DXY index is moving near 🔴Heavy Resistance zone($105.88-$104.65)🔴.
📈In terms of Classical Technical Analysis, the DXY index has succeeded in forming an Ascending Broadening Wedge Pattern and is currently completing the right shoulder of the Head and Shoulders Pattern.
💡Also, the Regular Divergence (RD-) between the right and left shoulders of the H&S Pattern is clearly visible.
🔔I expect the DXY index to continue its decline after breaking the 🟢Support zone($104.26-$103.88)🟢 around $103.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
📈In terms of Classical Technical Analysis, the DXY index has succeeded in forming an Ascending Broadening Wedge Pattern and is currently completing the right shoulder of the Head and Shoulders Pattern.
💡Also, the Regular Divergence (RD-) between the right and left shoulders of the H&S Pattern is clearly visible.
🔔I expect the DXY index to continue its decline after breaking the 🟢Support zone($104.26-$103.88)🟢 around $103.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
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