DXY Technical Analysis: Bearish Gartley Pattern Signals Short-Term Reversals
The DXY (U.S. Dollar Index) has recently completed a bearish Gartley pattern, suggesting the potential for a short-term reversal in trend.
The DXY may also test the 106.50 level before resuming its downward movement.
Focus on FOMC:
Since the pattern’s completion, market attention has shifted to the Federal Open Market Committee (FOMC).
The upcoming FOMC press conference will play a crucial role in determining the DXY’s next moves.
Traders are awaiting insights from Fed's Chair Powell
However, I don't expect anything interesting compared to the last meeting.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
The DXY (U.S. Dollar Index) has recently completed a bearish Gartley pattern, suggesting the potential for a short-term reversal in trend.
The DXY may also test the 106.50 level before resuming its downward movement.
Focus on FOMC:
Since the pattern’s completion, market attention has shifted to the Federal Open Market Committee (FOMC).
The upcoming FOMC press conference will play a crucial role in determining the DXY’s next moves.
Traders are awaiting insights from Fed's Chair Powell
However, I don't expect anything interesting compared to the last meeting.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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✅My FX Broker
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