DXY Will Go Higher! Buy!

Take a look at our analysis for DXY.

Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is trading around a solid horizontal structure 102.745.

The above observations make me that the market will inevitably achieve 103.127 level.

P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.

Like and subscribe and comment my ideas if you enjoy them!

Trade stängt: målet nått:

That was an excellent trade and the target was reached too!