INCOMING DXY STRENGTH FOR THE 2021 INAUGURATION.
1.19.21 CANDLE CLOSE BULLISH AND REJECTING 37K. WE SHOULD NOW TEST THE SUPPORT LEVELS OF 33K TO POSSIBLE 30K WICKS.
IMPORTANT PIVOTS:
DAILY -
R1 $30K
R3 $32K
4HR-
S2 $34K
S4 $30.3K
1HR
S2: $34K
S4: $31K
TRADE BLOWN IF OVER $38.5K*****
DXY was on a defibrillator since SEPT 2020 when it crossed under 94.6. Impulse bulls strengthen the dollar as the US citizens looks to hone in on a new democratic leader.
DXY has been turning upward since Jan 7 2020 because of the recent runoff as well as the shift in political power.
I do not see DXY rebounding past 94.6 levels.
*MA 9 HAS CROSSED ABOVE...
