DXY has been dropping since last year and has touch the support area base on the mid-last year where the price has a strong rejection ( as you can see on the right orange zone ) Because of that, the price is currently retest at this zone again, therefore, this is watching zone, where the price may break and continue bearish or bounce back to the bull trend.
some thing to know :
2022 - Year of Bull for DXY
Oct - Jan, 2022 ( 3 months of Bull market )
Feb - May, 2022 ( 3 months of Bull market )
Jun - Sept, 2022 ( 3 months of Bull market )
Oct - Jan, 2023 ( 3 months of Bear market )
Therefore, start changing to Bear ?
Feb - May, 2023 ( 3 months of what ? switch back to Bull or continue Bear? )
This is just my personal point of view, thanks for reading
some thing to know :
2022 - Year of Bull for DXY
Oct - Jan, 2022 ( 3 months of Bull market )
Feb - May, 2022 ( 3 months of Bull market )
Jun - Sept, 2022 ( 3 months of Bull market )
Oct - Jan, 2023 ( 3 months of Bear market )
Therefore, start changing to Bear ?
Feb - May, 2023 ( 3 months of what ? switch back to Bull or continue Bear? )
This is just my personal point of view, thanks for reading