DXY - 10Mar2022
On the daily, DXY faced bearish pressure from the upper trendline resistance and dropped to previous Support at 98.00. Current price action is above daily 61.8% Fib resistance so we could expect price to bounce to 78.6% at 100.02 near future.
On the H4, price action is still indicating complex correction of wave count of (5)-(IV) taking place. With daily Stochastic at resistance, price could pullback to gap fill + 20EMA at 97.28.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, DXY faced bearish pressure from the upper trendline resistance and dropped to previous Support at 98.00. Current price action is above daily 61.8% Fib resistance so we could expect price to bounce to 78.6% at 100.02 near future.
On the H4, price action is still indicating complex correction of wave count of (5)-(IV) taking place. With daily Stochastic at resistance, price could pullback to gap fill + 20EMA at 97.28.
This is for personal record purposes only, not financial advise or solicitation of trade.