DeGRAM | DXY disruption of the descending structure

1 ott 2024

DXY is moving in a descending channel above the trend lines.

Having bounced off the support, the price broke the dynamic resistance and approached the upper boundary of the channel.

The chart has broken the descending structure and is now above the resistance level.

We expect the rebound to continue after consolidation above the upper boundary of the channel.

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2 ott 2024

Trade chiuso: obiettivo raggiunto

The price reached our target and instantly reacted with a decline on reaching the resistance level.

The potential for further movement will be considered in today's forecast.