In my previous analysis on 18th June 2023. I was expecting that DXY will continue to go short.
On the close of weekly candle of 4th August 2023. The price bounced from the dynamic downward trend tine with a weekly key reversal bar which indicate that the price will most probably continue lower. Bearing in mind that FED is planning to have another rate hike in September 2023.
With this I also see that the price has formed a large symmetrical triangle on weekly after H & S formation.
Only the price will tell us the direction.
On the close of weekly candle of 4th August 2023. The price bounced from the dynamic downward trend tine with a weekly key reversal bar which indicate that the price will most probably continue lower. Bearing in mind that FED is planning to have another rate hike in September 2023.
With this I also see that the price has formed a large symmetrical triangle on weekly after H & S formation.
Only the price will tell us the direction.
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