DXY Will Grow! Long!

Dec 5, 2023

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 approaching a key horizontal level 103.212.

Considering the today's price action, probabilities will be high to see a movement to 104.944.

P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.

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Dec 6, 2023

Note

Great beginning for a trade, let’s hope it goes further!