The weekly chart of DXY formed a round bottom pattern and made a strong bullish move.
It faced resistance around the value of 95.18. Its is currently trading near the 9-EMA which also coincides with the murray math line 4/8 value(support zone).
Since both these are strong support zones,we can expect a good up move in short-term and once it crosses the...
The pair has formed a falling wedge pattern and has given a valid breakout above the wedge.
It can witness a throwback and the price can retest the wedge line once again.
Based on the current momentum and with the application of Murrey math line,we expect the pair to move towards the resistance zone of 1.35538