DXY Is Bullish! Long!

28. Okt.

Please, check our technical outlook for DXY.

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

The market is testing a major horizontal structure 104.214.

The above observations make me that the market will inevitably achieve 104.676 level.

P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.

Like and subscribe and comment my ideas if you enjoy them!

29. Okt.

Anmerkung

Great beginning for a trade, let’s hope it goes further!