DXY between new uptrend wave, support and resistance.
the DXY is now stay steady at the range of 105 after forming a new signal of a weakness in the downtrend that is formed from 10th November 2022 when it breaks the range of 109.5, reaching almost 99.5 at 14th of July 2023. After that we saw that it is started to move in an uptrend channel reaching historical resistance range around 107 and 108, but now we are maybe watching a correction wave around 105.
In general we can not define the current trend in the long term after forming a clear signal either breaking the last historical range between 107 and 108, to can confirm that it is clear for us the formation of new wave and direction, or it will go lower around 102 confirming a sideway direction.
In general we can not define the current trend in the long term after forming a clear signal either breaking the last historical range between 107 and 108, to can confirm that it is clear for us the formation of new wave and direction, or it will go lower around 102 confirming a sideway direction.
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