ForexLeague

DXY (USD Index) 4hour Analysis August 30th, 2020

Short
TVC:DXY   Indice Dollaro americano
DXY Short Idea

Overall we are still very bearish on DXY and will remain bearish until we see a significant break of 95.00 with a confirmed higher low above the zone.

With a bearish sentiment in mind we will be looking for further downside opportunities.

Current price action recently broke this 4hour range and is looking to make another bearish leg. Look for a confirmed lower high below the range with strong bearish setups to confirm the drop. Target lower toward significant resistance and key fib levels.

There is a less likely chance price action will pullback to form structure at the 38.2% fib level now before falling again.

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.