otegah

DXY ANALYSIS

TVC:DXY   U.S. Dollar Index
Dollar index(DXT) has been bullish since this week ,this was because there was a draw on liquidity which is the EQUAL HIGHS that got raided Which made RESISTANCE TURN SUPPORT and also BROKE MARKET STRUCTURE HIGHER ,
As you can see price left a MITIGATION BLOCK and also a DAILY FVG(FAIR VALUE GAP/BISI).
Looking at the chart there is a draw on liquidity I marked which is the LRLR/MONTHLY FVG , I expect price to fill the daily FVG/BISI in the MITIGATION BLOCK area, retest SUPPORT and rally up to seek the LRLR/MONTHLY FVG.

I'm expecting bullishness on the Dollar short term from my view.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.