DXY:
DXY has been a trending bullish market since the lows of Friday 14th July 2023. The rally to the upside has cleared numerous Buyside liquidity pools resting above Thursday's 6th of July highs and the relatively equal highs of 31st May 2023 highs.
I believe the next target for the DXY is the Volume imbalance of 9th / 10th March and the volume imbalance between 30th Nov / 1st Dec 2022. If the price breaks above these imbalances the market will be hitting new highs for 2023 potentially showing bullishness into 2024.
This analysis has been taken out using ICT concepts and my personal opinion on the market.
THIS IS NOT FINANCIAL ADVICE.
DXY has been a trending bullish market since the lows of Friday 14th July 2023. The rally to the upside has cleared numerous Buyside liquidity pools resting above Thursday's 6th of July highs and the relatively equal highs of 31st May 2023 highs.
I believe the next target for the DXY is the Volume imbalance of 9th / 10th March and the volume imbalance between 30th Nov / 1st Dec 2022. If the price breaks above these imbalances the market will be hitting new highs for 2023 potentially showing bullishness into 2024.
This analysis has been taken out using ICT concepts and my personal opinion on the market.
THIS IS NOT FINANCIAL ADVICE.