$DXY Longer term view
Here's a longer term view technicals of DXY - Very important chart especially as we head into march with expected rate hikes and we do have FOMC today - as we anticipated the action forward ..Never forget the market is forward looking as yields head higher. The bullish momentum has occurred last yr Q4. Most of the % hikes is priced in but we could still have more bullish momentum to continue.
Bullish if we stay above 50/21 EMA.
Bearish if we go below 50/21 EMA.
KEY TIP: Higher time frame is always a good indication for short term time frame movement.
Trade Safe
Disclaimer: Not Financial Advice
Here's a longer term view technicals of DXY - Very important chart especially as we head into march with expected rate hikes and we do have FOMC today - as we anticipated the action forward ..Never forget the market is forward looking as yields head higher. The bullish momentum has occurred last yr Q4. Most of the % hikes is priced in but we could still have more bullish momentum to continue.
Bullish if we stay above 50/21 EMA.
Bearish if we go below 50/21 EMA.
KEY TIP: Higher time frame is always a good indication for short term time frame movement.
Trade Safe
Disclaimer: Not Financial Advice
Comment:
100 mark is a nice area of next resistance (The trend is your friend, until it breaks)