DXY weekly forecast
DXY : theres 2 Fibs drawn one is a 1H Fib drawn from the nearest high which is @ 103.450 the and the lowest low (99.900) .. the 4H Fib is taken from the next highest (104.800) high to the lowest low (99.900)
on the 1H Fib this price is already approaching 78.6% retracement(103.450).. nearest support @ 61.8% of the 1H Fib and 38.2% of the 4H Fib (dynamic support at that point as well) while the 4H Fib is at 50% of its retracement(104.800) the different zones of the respective Fibs act as support and resistance zones as price increases in an ascending channel.
strong NFP and other economic data released this week was better than expected suggesting more strength for $
on the 1H Fib this price is already approaching 78.6% retracement(103.450).. nearest support @ 61.8% of the 1H Fib and 38.2% of the 4H Fib (dynamic support at that point as well) while the 4H Fib is at 50% of its retracement(104.800) the different zones of the respective Fibs act as support and resistance zones as price increases in an ascending channel.
strong NFP and other economic data released this week was better than expected suggesting more strength for $
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DXY : theres 2 Fibs drawn one is a 1H Fib drawn from the nearest high which is @ 103.450 the and the lowest low (99.900) .. the 4H Fib is taken from the next highest (104.800) high to the lowest low (99.900)
on the 1H Fib this price is already approaching 78.6% retracement(103.450).. nearest support @ 61.8% (102.200) of the 1H Fib and 38.2% (101.900) of the 4H Fib and dynamic support in the form of an ascending channel as well while the 4H Fib is at 50% (102.460) of its retracement(104.800) the different zones of the respective Fibs act as support and resistance zones as price increases in an ascending channel.
strong NFP and other economic data released this week was better than expected suggesting more strength for $
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