DXY/USD~ Nov-Dec Snapshot (4H Intraday)

BlueHatInvestor Updated   
TVC:DXY   U.S. Dollar Index
DXY chart mapping/analysis for last week of November.

TBC further details/write-up via ideas section.
DXY/USD Write-up (29th Nov)
  • Well well, DXY caught a little bounce off Golden Pocket/lower range ascending parallel (white) confluence zone.
  • Anticipate sellers to be lingering around ~103.20 resistance to push back down into confluence again, otherwise rips past 50% Fib into 38.2% Fib resistance zone.
  • Also potential for bullish consolidation & bounce off parallel channel, ahead of key economic data at end of week (Core PCE; Unemployment Claims; Chicago/ISM/Final PMI's + Fed Chair Powell speaking...sheesh)
  • Look for correlations with US yields, indices & precious metals.
  • Never a dull moment in the markets haha.


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