DXY Will Go Lower From Resistance! Short!

2 thg 9

Take a look at our analysis for DXY.

Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is trading around a solid horizontal structure 101.728.

The above observations make me that the market will inevitably achieve 100.553 level.

P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.

Like and subscribe and comment my ideas if you enjoy them!