Tuesday 22nd August 2023: Technical Outlook and Review
The DXY chart currently displays a bearish momentum, suggesting a prevailing downward trend. Given this momentum, there is a potential scenario where the price could undergo a bearish breakout from the 1st support level at 103.20, potentially leading to a decline towards the 2nd support at 102.79.
Monday 21st August 2023: Technical Outlook and Review
The DXY chart currently displays a bearish momentum, suggesting a prevailing downward trend. Within this context, there's a potential scenario where the price could experience a bearish reaction upon reaching the 1st resistance level at 103.43. This level is significant as an overlap resistance, potentially causing a downward movement.
Friday 18th Aug 2023: Technical Outlook and Review
The DXY chart is currently demonstrating a bullish momentum, indicating a prevailing upward trend. There's a potential scenario where the price could experience a bullish bounce off the 1st support at 103.22 and advance towards the 1st resistance at 103.57.
Thursday 17th Aug 2023: Technical Outlook and Review
The DXY chart's overall momentum is bullish, supported by its position above a significant ascending trend line, hinting at potential further bullish movement.
Wednesday 16th Aug 2023: Technical Outlook and Review
DXY: The current trend of the DXY indicates a bullish sentiment, […]
Tuesday 15th Aug 2023: Technical Outlook and Review
The EUR/USD chart is currently displaying a bullish momentum, indicating a prevalent upward trend. Within this context, there is potential for the price to continue its bullish movement towards the 1st resistance level.
Monday 14th August 2023: Technical Outlook and Review
The DXY chart is currently exhibiting a bullish momentum driven by the price breaking above a descending resistance line, indicating a potential upward trend. With this bullish sentiment, there is a possibility that the price could continue its upward movement towards the 1st resistance level at 103.58.
Friday 11th August 2023: Technical Outlook and Review
The DXY chart currently demonstrates a bearish momentum, indicating a prevailing downward trend. Within this context, there's a potential for the price to sustain a bearish continuation towards the 1st support level at 102.31.
Thursday 10th Aug 2023: Technical Outlook and Review
The DXY chart is presently characterized by a neutral overall momentum, implying a lack of discernible directional bias. In light of this neutral stance, it is conceivable that the price may exhibit fluctuations within the range defined by the 1st resistance at 102.78 and the 1st support at 102.31.
