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(DXY) U.S Dollar weakness explained by ThinkingAntsOk

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Trend Analysis Support and Resistance Multiple Time Frame Analysis USD DXY dollar short analysis
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trendanalysis supportandresistance mtfa usd dxy dollar short analysis
-Daily Chart Explanation:

In daily timeframe, price broke the Ascending Wedge Pattern. After that, it started a bullish movement again, which ended at the Top of the Minor Ascending Wedge. At this moment we expect a breakout of the Ascending Trendline and a consolidation below. So, if that happens, then the movement has potential to reach the Support Zone, and if it is broke, then the Weekly Ascending Channel.


-Weekly Chart Analysis:

snapshot

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