DXY: Sell Target hit. Buy now opportunity on the 0.618 Fib.
DXY is on a sharp sell off following the 99.90 High on February 20th. The 1D chart is on a strong bearish territory (RSI = 37.767, ADX = 49.169, Highs/Lows = -1.0001) and just hit the 0.618 Fibonacci retracement level from the 96.35 December 31st Low.
We believe this level is at or close to the current bottom of this downtrend, on a similar sequence as 0.618 correction last October. Our Target Zone is 98.55 - 98.80.
Our previous Sell Call:
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We believe this level is at or close to the current bottom of this downtrend, on a similar sequence as 0.618 correction last October. Our Target Zone is 98.55 - 98.80.
Our previous Sell Call:
** If you like our free content follow our profile (tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
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investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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