Friday 17th May 2024: Technical Outlook and Review

Friday 17th May 2024: Technical Outlook and Review

DXY (US Dollar Index): Potential Direction: Bearish Overall momentum of the chart: Bearish Price could potentially make a: Bearish reaction off pivot and drop to 1st support Pivot: 104.88 Supporting reasons: Identified as a pullback support, with confluence from the...
Thursday 16th May 2024: Technical Outlook and Review

Thursday 16th May 2024: Technical Outlook and Review

DXY (US Dollar Index): Potential Direction: BullishOverall momentum of the chart: Bearish Price could potentially experience a bullish bounce off the pivot and move towards the 1st resistance. Pivot: 104.02Supporting reasons: Identified as a level of pullback support,...
Friday 17th May 2024: Technical Outlook and Review

Wednesday 15th May 2024: Technical Outlook and Review

DXY (US Dollar Index): Potential Direction: BearishOverall momentum of the chart: Bearish Price could make a bearish continuation towards the 1st support. Pivot: 105.41Supporting reasons: An overlap resistance is identified at this level, suggesting a significant area...
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