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AKM1991
Jun 19, 2019 6:39 PM

Likely Path of DXY and dollar-pairs  Long

U.S. Dollar Currency IndexTVC

Description

Looking at current supply and demand levels in the 4hr and daily time frames of DXY, price is currently coming into a demand level. If this demand level holds, then price will be expected to touch the level and turn higher towards the labelled supply level. Looking at pairs that trade against the dollar, AUDUSD/GBPUSD/EURUSD all are very close to supply on similar timeframes. Conversely, USDJPY on the 4hr time frame is currently trending down into a level of key demand. This research was done about 1:30 pm CST after the fed made the decision to keep dollar interest rates the same, and there was a hint of an upcoming rate cut later in FY 2019.
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