DXY technical analysis: Dollar Index negatively sloping with bullish possibilities

avatar
· Views 111


The technical indicators on the daily chart reflect mixed signals for DXY. The negative slope and negative territory of the Relative Strength Index (RSI) indicate that bears seem to be gaining ground. This trend is further confirmed by the rising red bars of the Moving Average Convergence Divergence (MACD), which signals bearish momentum.

However, despite this negative environment, there are some bullish elements present as well. Notably, the DXY is currently positioned above the 100 and 200-day Simple Moving Averages (SMAs), which generally suggests a bullish trend in the longer term. Yet, it has temporarily fallen below the 20-day SMA, further emphasizing bearish short-term momentum.

In conclusion, the short-term technical outlook of DXY is bear-dominated, given the recent sell-offs and technical configurations. However, its position above the 100 and 200-day SMA underlines that the longer-term bullish momentum still has the potential to resume


免責事項:本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。

この記事が気に入ったら、著者にチップを送って感謝の気持ちを表しましょう。
応答 0

  • tradingContest