U.S. Dollar IndexShort
DXY Monthly Analysis 04 March 2024
Updated
Monthly: The price has been rejected and closed bellow, from the M-IRL. Now we can anticipate that the price will go down towards M-ERL 100.617.
Monthly Bias: Bearish.
Daily: In daily chart, the price has formed a Bearish Breaker, after touch the M-IRL. It depicted that its a clear sign of Bearish confirmation in Daily chart. So the price will be going down towards the D-SSL(102.901)
Daily Bias: Bearish
Monthly Bias: Bearish.
Daily: In daily chart, the price has formed a Bearish Breaker, after touch the M-IRL. It depicted that its a clear sign of Bearish confirmation in Daily chart. So the price will be going down towards the D-SSL(102.901)
Daily Bias: Bearish
Trade closed: target reached
As the price has been reached to the first target, so we can anticipate in the upcoming week we can reverse from here or we can go down again to the second target. 
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