DXY Will Go Up From Support! Long!

23 wrz

Take a look at our analysis for DXY.

Time Frame: 15h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is trading around a solid horizontal structure 101.074.

Taking into consideration the structure & trend analysis, I believe that the market will reach 102.576 level soon.

P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.

Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.

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