Analysis on DXY
Hi traders, I would likecto share my opinion on DXY index for the week ahead.
As you can see on the chart , the trend is strongly bullish in daily timeframe.
However, the cadlestick formation from last week indicates that DXY has started pullback toward orgin of move.To minimiz risk, it would be advisable to wait for the price to reach the zone i refer to as IDM.
Once the price is within this zone , observe its behavior closly.
If the daily candle closes below the IDM zone , it may present a selling opportunity towards the OB level. Conversely, if the price does not closes below the IDM zone, it could be a signal to consider buying for another potential high,
Please let me know if you have any questions or if there is anything else I can assist you with
As you can see on the chart , the trend is strongly bullish in daily timeframe.
However, the cadlestick formation from last week indicates that DXY has started pullback toward orgin of move.To minimiz risk, it would be advisable to wait for the price to reach the zone i refer to as IDM.
Once the price is within this zone , observe its behavior closly.
If the daily candle closes below the IDM zone , it may present a selling opportunity towards the OB level. Conversely, if the price does not closes below the IDM zone, it could be a signal to consider buying for another potential high,
Please let me know if you have any questions or if there is anything else I can assist you with
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.