DXY Will Go Up From Support! Long!

Dec 12, 2023

Take a look at our analysis for DXY.

Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is approaching a key horizontal level 103.664.

Considering the today's price action, probabilities will be high to see a movement to 104.079.

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!

Dec 13, 2023

Note

I thin that the price will hit the TP soon enough!