DXY testing support, potential rise!
DXY broke out of our descending resistance. A strong rally might occur above 90.08, pushing price up to our major resistance at 90.46 (horizontal swing high resistance, 76.4% Fibonacci retracement 100% Fibonacci extension). RSI (89) is also facing bearish pressure from our major descending resistance line and a breakout of this level might be a […]
DXY reacted off resistance, potential for further drop!
DXY is reacting off our major resistance at 90.16 (61.8%, 78.6% Fibonacci retracement, Horizontal swing high resistance) which coincides with our short term descending resistance line. A strong reaction might occur at this level, pushing price down to our major support at 89.26 (76.4% Fibonacci retracement, 61.8% Fibonacci extension, Horizontal swing low support). RSI (89) […]
DXY approaching resistance, potential for a drop!
DXY approaching resistance at 90.34 (61.8% Fibonacci extension, horizontal swing high resistance) where it could potentially fall to its 1st support at 89.52 (61.8% Fibonacci extension, 100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support). We have identified another resistance area at 91.01 (61.8% Fibonacci extension, L T 61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal […]