DXY FORCAST

1. Aug. 2022

DXY (Dollar Index) in the daily time, we see that we are in the correction stage in the upward trend that we observe, and it seems that we are at the end of this price correction. Therefore, when we enter the one-hour time frame to enter the transaction, we see that the correction has been made up to the 61.8 Fibonacci number. Therefore, it is a reconfirmation that the price will move from here for the next upward impulse. If the number 106 is broken upwards, then we can more easily enter the long position. In the first part of this transaction, it can move up to the number 106.920, and there is a possibility that it can be reached up to the number 107.750. Therefore, the intrinsic value of the dollar will grow more than the previous week.DXY