DOLLAR INDEX (DXY) Potential Scenarios Explained ๐Ÿ’ต

561
์Šค๋ƒ…์ƒท

Dollar Index is approaching a resistance line of a falling parallel channel on a daily.
Depending on the reaction of the price to that, I see 2 potential scenarios.

Bearish
Because the index is currently trading in a bearish trend,
probabilities will be higher that it will drop.
To confirm that, watch a horizontal range on 1H time frame.
If the price breaks and closes below its support, it will confirm the strength of bears.
A bearish continuation will be expected at least to 101.5 then.

Bullish
The market may break the resistance of the channel.
If a daily candle closes above that, it will confirm the violation.
A bullish movement will be expected to 103.0 level then.

Wait for a confirmation & then follow the market.

โค๏ธPlease, support my work with like, thank you!โค๏ธ

๋ฉด์ฑ…์‚ฌํ•ญ

ํ•ด๋‹น ์ •๋ณด์™€ ๊ฒŒ์‹œ๋ฌผ์€ ๊ธˆ์œต, ํˆฌ์ž, ํŠธ๋ ˆ์ด๋”ฉ ๋˜๋Š” ๊ธฐํƒ€ ์œ ํ˜•์˜ ์กฐ์–ธ์ด๋‚˜ ๊ถŒ์žฅ ์‚ฌํ•ญ์œผ๋กœ ๊ฐ„์ฃผ๋˜์ง€ ์•Š์œผ๋ฉฐ, ํŠธ๋ ˆ์ด๋”ฉ๋ทฐ์—์„œ ์ œ๊ณตํ•˜๊ฑฐ๋‚˜ ๋ณด์ฆํ•˜๋Š” ๊ฒƒ์ด ์•„๋‹™๋‹ˆ๋‹ค. ์ž์„ธํ•œ ๋‚ด์šฉ์€ ์ด์šฉ ์•ฝ๊ด€์„ ์ฐธ์กฐํ•˜์„ธ์š”.