My last analysis on the DXY was hinting at Bullish action. It didn't officially turn bullish but with recent price action, price is looking to turn bearish.
Here's what I'll be looking for.
1. Will it break the trendline.
2. Will it break the 89.5 Level.
If these things happen the DXY will turn bearish.
Bearish DXY means
BUllish XAU/USD
Bearish USD/JPY
I will continue to update this this week.
Here's what I'll be looking for.
1. Will it break the trendline.
2. Will it break the 89.5 Level.
If these things happen the DXY will turn bearish.
Bearish DXY means
BUllish XAU/USD
Bearish USD/JPY
I will continue to update this this week.
Comment:
DXY knocking on the resistance. Well's see what happen.
Trade closed: target reached
Trade closed: target reached