DXY 8H chart shows some early signs of a potential change in direction, we witnessed the price go imbalanced and shoot higher, before losing steam, and presenting these wicks, I think we can look to short it back to the 200 day average. However the oppurtunities lie more in other currencies and commodities, I will attach below of EURUSD which has the possibility of a large swing to the upside.
Note
Buyers are too strong, price has broken this high very easily, I would imagine alot of people could have shorted this move, meaning taking the high here has the chance to help fuel more gains this week for DXY, EURUSD trade has not triggered and price remains in this low volume balance currently.
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.
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.