DXY(US Dollar Index)// Bearish Outlook, Reversal pattern confirm

há 6 dias

📉 DXY (US Dollar Index) Outlook 📉

DXY has broken the upward trendline with a significant gap down, forming strong bearish candles. A head and shoulders pattern at the top signals a confirmed reversal. The index is currently near the neckline and 200EMA, which serve as a demand zone and potential retracement point toward the trendline or second shoulder.

🎯Technical Targets: 105.90, 103.40

💡 Implication: The dollar is likely to decline toward its real value.

📢 Support Us: Like, comment, and follow for more insights.
Kind regards,
TrendLogic1

ontem

Trade ativo

📉 DXY Trade Update 📉

Market Insight:
DXY has broken out of the neckline of the Head and Shoulders pattern, confirming a bearish move. Now, the market is in retracement mode, testing the pattern’s breakout level where our order block is positioned.

Next Steps:
📌 Hold trades as the retracement completes.
📌 Watch for bearish confirmation (e.g., rejection wicks, bearish engulfing) before further downside.
📌 Stay patient—our target levels are in play, and momentum will likely resume soon.

Let’s follow the trend and secure more profits! 🎯🔥