DXY Will Go Lower From Resistance! Short!

Jul 24

Please, check our technical outlook for DXY.

Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is trading around a solid horizontal structure 104.136.

The above observations make me that the market will inevitably achieve 103.427 level.

P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.

Like and subscribe and comment my ideas if you enjoy them!

Aug 6

Trade closed: target reached

That was an excellent trade and the target was reached too!