DXY - 25Apr2022
On the weekly, DXY has been closing higher for the last 3 weeks. Daily RSI also have bounced above previous horizontal resistance at around 69.83 and could potentially be bouncing higher to next resistance at 86.77. This could take price to descending trendline resistance around 102.325.
On the H4, wave count is once again revised as price continue to bounce higher. We will need to wait out for further indication on when this Wave 5 will end. H4 Stochastic is at resistance hence there could be limited upside for the short term.
Disclaimer: This is for personal work record purposes only, not financial advise or solicitation of trade.
On the weekly, DXY has been closing higher for the last 3 weeks. Daily RSI also have bounced above previous horizontal resistance at around 69.83 and could potentially be bouncing higher to next resistance at 86.77. This could take price to descending trendline resistance around 102.325.
On the H4, wave count is once again revised as price continue to bounce higher. We will need to wait out for further indication on when this Wave 5 will end. H4 Stochastic is at resistance hence there could be limited upside for the short term.
Disclaimer: This is for personal work record purposes only, not financial advise or solicitation of trade.