$DXY - Bottom Range Bound Breached

26 ago 2024

The Dollar Index DXY has breached a pretty serious
level ;
the bottom range bound which has previously acted as
strong support for DXY to bounce.
Will this time be the same and this will result in a fake-out?
Or will DXY headed lower, re-visiting pre-pandemic levels?


Check out the previous released ideas linked below
for more in depth information regarding our journey


'Decisive Move Around the Corner' (line chart)



(candlesticks chart)



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NOTE that this is not Financial Advice !
Please do your own research before partaking upon
any trading activity based solely on this idea.

17 set 2024

Nota

DXY *4Hr. line-chart


'Double Bottom on Range Bound Support ?'
Breaking the Double Bottom Lows,
which at the same time is the Big's Yearly Range,
would sense trouble TA speaking for
DXY
;

Worth Emphasizing is that ;

Fundamentally speaking;

DXY
is being be anticipated to weaken after 18'th September 2024
USINTR
first Rate Cut decision by Federal Reserve;
which by now is not a question of IF will they cut, but how much (0.25-0.5 bsp).

Lowering Interest Rates weakens a currency due to easy-landing monetary policies.