On the daily chart, The DXY holds in a powerful resistance zone; there is a 200DMA, monthly resistance, weekly resistance, and a supply zone with a 38.20 Fib.
In the 6-hour time frame, we have two reversal patterns, with a divergence in the MACD.
We may see a head and shoulders pattern if a candle closes above 105.74, as shown by the yellow arrows on the hourly chart.
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In the 6-hour time frame, we have two reversal patterns, with a divergence in the MACD.
We may see a head and shoulders pattern if a candle closes above 105.74, as shown by the yellow arrows on the hourly chart.
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Feel free to share your thoughts in the comments, and kindly support the idea with a like. Your support is greatly appreciated!
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