Analysis of Dollar / DXY
As I mentioned in yesterday's analysis, there is a strong bullish momentum. Today, after the market opened, we saw that the price continued in that direction, following the upward trend. I took advantage of this momentum on other currency pairs and entered trades.
On the weekly time frame, we can see a lot of liquidity as well as movement within a consolidation zone. What I anticipate could happen tomorrow is a pullback due to news and a continuation of the momentum on the daily time frame.
Of course, we need to wait and be patient before entering a trade.
On the weekly time frame, we can see a lot of liquidity as well as movement within a consolidation zone. What I anticipate could happen tomorrow is a pullback due to news and a continuation of the momentum on the daily time frame.
Of course, we need to wait and be patient before entering a trade.
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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.