DXY 08-07-2024 Forecast
Hello Traders
I hope everyone is doing amazing. This is my expectation on DXY this coming week. keep in mind that just as last week, we still have high impact news "CPI" on Thursday so we do expect more momentum in the markets.
Now lets dive deeper into our analysis!
1.Higher timeframe is bullish and market has been consistently forming swing HH-HL.
2.we recently came from forming a swing HL which was confirmed by CHOCH.
3.Market consistently pushed towards the previous swing HH by forming minor structure of HH-HL
4.Upon tapping into previous structure or POI the market then initiated a pull back towards or valid POI.
5.During NFP last week we saw price spiking and collecting liquidity on sides just before tapping into our POI.
6.On current price i am hoping to see a shift in market structure (Bullish) and have a clear confirmation possible on 1Hr timeframe>
I hope everyone is doing amazing. This is my expectation on DXY this coming week. keep in mind that just as last week, we still have high impact news "CPI" on Thursday so we do expect more momentum in the markets.
Now lets dive deeper into our analysis!
1.Higher timeframe is bullish and market has been consistently forming swing HH-HL.
2.we recently came from forming a swing HL which was confirmed by CHOCH.
3.Market consistently pushed towards the previous swing HH by forming minor structure of HH-HL
4.Upon tapping into previous structure or POI the market then initiated a pull back towards or valid POI.
5.During NFP last week we saw price spiking and collecting liquidity on sides just before tapping into our POI.
6.On current price i am hoping to see a shift in market structure (Bullish) and have a clear confirmation possible on 1Hr timeframe>
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