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DXY Price Analysis -25 Dec, 2023

TVC:DXY   U.S. Dollar Index
Weekly:
As DXY touched the W-FVG Level( 101.531-101.188) & closed above, there well be 2 scenarios in this situations.

1. If there is any daily closing bellow the W-FVG-C.E, then we can anticipate, the price will going to touch the SSL level- 99.578.

2. If the daily price didn’t able to close bellow the W-FVG-CE, then the price will be going to hunt for the weekly FVG level – (103.064 to 102.634).

Weekly Bias: Neutral.

Daily:

As the price has been already taken the weekly FVG, so daily we could anticipate we are going to touch the 102.643 levels. If we can have daily closing above the D-FVG levels (102.156-101.895) then the price action will be more clear for Bullish.

Daily Bias: Bulish.


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