Here is a quick look into the current range on DXY.
As you can see we've been trading for quite some time within the same range (red line) with no clear breakout or directional bias so far.
Yesterday's monthly candle closed back within the range. Will be interesting to see IF we manage to hold it the current highs and continue higher.
IF we hold these current levels expect us to continue higher on DXY and have lower prices on indices, crypto etc...
IF we fail to close outside of the range... expect further pa to the downside back towards the HTF lows sitting around the 101's and 100's. Lower prices on DXY meaning ...higher prices on indices, crypto etc...
No need to front run the market today is the start of a new month so let's make it another great month in your trading journey.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
As you can see we've been trading for quite some time within the same range (red line) with no clear breakout or directional bias so far.
Yesterday's monthly candle closed back within the range. Will be interesting to see IF we manage to hold it the current highs and continue higher.
IF we hold these current levels expect us to continue higher on DXY and have lower prices on indices, crypto etc...
IF we fail to close outside of the range... expect further pa to the downside back towards the HTF lows sitting around the 101's and 100's. Lower prices on DXY meaning ...higher prices on indices, crypto etc...
No need to front run the market today is the start of a new month so let's make it another great month in your trading journey.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.