DXY finished the daily trend moving further upward with a nice big green body candle. Minor wicks.
on the Daily/ 4Hr/ 1HR timeframes DXy is floating in no mans land above r4 on my Camrilla pivot points.
Dxy looks as if it wanted to try to test April's 2nd high @ 100.88. It got to 100.20 and could not push further.
My 9EMA is over the 21EMA on all time frames potentially wanting to signal buy.
As we are heading into the end of the week with big US data news on Friday, the NFP.
For Thursday May 7, 2020 I anticipate DXY to make a move south to test 99.60 region.
if this prediction is wrong we will test march 25,2020 region of 101.
by Friday's market close DXY should be @ 2020 HIGHs 103 if NFP/unemployment rate is good (which I doubt with COVID-19)
by Friday's market close DXY should be @ or around 99.84 if NFP/unemployment rate is BAD (which I EXPECT with COVID-19)
DXY
**DXY to collapse under $94 by June 1**
on the Daily/ 4Hr/ 1HR timeframes DXy is floating in no mans land above r4 on my Camrilla pivot points.
Dxy looks as if it wanted to try to test April's 2nd high @ 100.88. It got to 100.20 and could not push further.
My 9EMA is over the 21EMA on all time frames potentially wanting to signal buy.
As we are heading into the end of the week with big US data news on Friday, the NFP.
For Thursday May 7, 2020 I anticipate DXY to make a move south to test 99.60 region.
if this prediction is wrong we will test march 25,2020 region of 101.
by Friday's market close DXY should be @ 2020 HIGHs 103 if NFP/unemployment rate is good (which I doubt with COVID-19)
by Friday's market close DXY should be @ or around 99.84 if NFP/unemployment rate is BAD (which I EXPECT with COVID-19)
DXY
**DXY to collapse under $94 by June 1**