DXY (U.S. Dollar Index): Potential Upside Breakout on 4-Hour 📈
The DXY has completed a target of a previously identified channel pattern on the 4-hour timeframe.
A double bottom formation has emerged near the channel's support level.
➡️Analysis:
A retest of the double bottom's neckline (around 103.318) is anticipated.
A bullish breakout scenario is developing, with a potential upside move towards the target at 104.992 if support holds at the retest area.
➡️Key Levels:
Support: Double bottom neckline (103.318)
Resistance: Former channel resistance (104.992)
➡️Overall Bias:
Bullish based on the double bottom formation and potential breakout from the channel pattern.
A double bottom formation has emerged near the channel's support level.
➡️Analysis:
A retest of the double bottom's neckline (around 103.318) is anticipated.
A bullish breakout scenario is developing, with a potential upside move towards the target at 104.992 if support holds at the retest area.
➡️Key Levels:
Support: Double bottom neckline (103.318)
Resistance: Former channel resistance (104.992)
➡️Overall Bias:
Bullish based on the double bottom formation and potential breakout from the channel pattern.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.