U.S. Dollar IndexShort
$DXY - waining sell momentum but one more continuation lower?
DXY broke out the descending shape - stalled for a while then moved expolosively 93.5
Waining mometum as selling has slowed, 1D bull divs also but short still a good bet here
At 1D Supply which is strong supply - continued/broke market structure to downside, OTE of recent down leg
We are at 1M demand - which helped this leg up and thus has already been mitigated
I would expect price to in the near future move through it and flip it to resistance
Waining mometum as selling has slowed, 1D bull divs also but short still a good bet here
At 1D Supply which is strong supply - continued/broke market structure to downside, OTE of recent down leg
We are at 1M demand - which helped this leg up and thus has already been mitigated
I would expect price to in the near future move through it and flip it to resistance
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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.