DXY Update Daily TF Sept 22
Our FIRST DXY target has been hit!
Bullish things to note:
- Hit our first target @ LT Resistance $111.50
- Topped-out @ $111.83 so far
- Price holding 9SMA as support & it's turning up (bullish)
- Major support @ 50SMA back-tested successfully Sept 13
-LT Support channel @ $106 - $107
Bearish things to note:
- RSI getting OB
- LT Resistance $111.50 - $112.34
- RSI getting OB
As we get higher towards the LT resistance channel & the RSI gets more OB, expect a sell-off on DXY & a bounce/recovery phase with the risk-on assets.
Remember though, prices can always go a whole lot high & lower than what people expect, so remain objective here.
Bullish things to note:
- Hit our first target @ LT Resistance $111.50
- Topped-out @ $111.83 so far
- Price holding 9SMA as support & it's turning up (bullish)
- Major support @ 50SMA back-tested successfully Sept 13
-LT Support channel @ $106 - $107
Bearish things to note:
- RSI getting OB
- LT Resistance $111.50 - $112.34
- RSI getting OB
As we get higher towards the LT resistance channel & the RSI gets more OB, expect a sell-off on DXY & a bounce/recovery phase with the risk-on assets.
Remember though, prices can always go a whole lot high & lower than what people expect, so remain objective here.
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