Dollar might remain bullish all yearBelow is DXY WEEKLY chart which is in clear bullish trend due to bullish orderflow and multiple supplies taken as liquidity.
The year started very well for the dollar. And it looks like It might stay that way. But Why?
1. Well, if price mitigates this weekly Demand zone with imbalance and inducement, it will mean price has enough liquidity to target the old highs to form new ones.
2. Dollar is bullish on MONTHLY TIMEFRAME with an UNMITIGATED SUPPLY ZONE above WEEKLY SEING HIGH
3. price is currently exhausted as dollar failed to mitigate both supply and FVG on DAILY TIMEFRAME.
4. This price action will generate a lot of stops and false price action making traders assume the DOLLAR trend is now bearish, before buying all the sold dollar assets and respect the trend.
📈 EURUSD Is BEARISH ON WEEKLY AND DAILY TIMEFRAME. 🤝AUSSIE (audusd) has an UNMITIGATED SUPPLY ZONE+FVG.
These are just charts that move against dollar price, which tend to correlate eith our analysis. ✔️At the end of the day we don't make the markets. We just predict from what we have learnt to try and create better opportunities for ourselves tomorrow