The DXY did not hold a successful break above 99.000 which was our bullish signal. Furthermore, we had US banks closed for yesterday's NY session which did not do us any good as there was minimal movements in our charts. Without volatility there is little room for profit chasing as much as our USDJPY signal was on point.
Today's session started with a gap lower towards 98.50. I don't expect a mover lower before filling the gap so that will be our first objective before any further movement. My bias still remains the same ,a clean break and hold above 99.00 will signal a healthier dollar for the short term despite the war tensions.
Today's session started with a gap lower towards 98.50. I don't expect a mover lower before filling the gap so that will be our first objective before any further movement. My bias still remains the same ,a clean break and hold above 99.00 will signal a healthier dollar for the short term despite the war tensions.
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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.