Rebound and reversal DXY. H4 27.08.2024
Rebound and reversal DXY
The dollar index is moving according to the previous analysis
but it may still go lower with a false takeout and then a reversal
to a deep correction will start.
The area of 100.60-100.50 is still an important strategic support
but no one cancelled false bounces.
I expect a correction in autumn around 102 and will further refine.
The dollar index is moving according to the previous analysis
but it may still go lower with a false takeout and then a reversal
to a deep correction will start.
The area of 100.60-100.50 is still an important strategic support
but no one cancelled false bounces.
I expect a correction in autumn around 102 and will further refine.
Note
Reversal workout DXY
The dollar index beautifully saw the support from the last analysis and made a bounce upwards through the rebound. I believe that the corrective growth is not over yet and after the internal pullback it may reach the level of 102, and there I will watch again the bounce down to test the low. They may push the price to the culminating candle around 102.30, but do not forget that the priority is still down, and now we are in a correction to the fall.
EN channel -t.me/kovach_trader
Ru channel - t.me/newwavetrade
Ru channel - t.me/newwavetrade
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