Analysis Dollar / DXY
As I mentioned in yesterday's analysis, the Dollar has a strong potential to continue its bullish movement on the weekly (W) chart to capture liquidity (LQY) in the upper zones. Also, let me remind you again that the Dollar is in consolidation on the weekly (W) chart.
Tomorrow, we have very strong news at the opening of the New York Stock Exchange, so I will most likely take the day off and wait to see what happens.
On the hourly (H) charts, we see strong bullish momentum, but we also see a lot of liquidity below. Therefore, I believe that tomorrow's news impact will push the price down and create a pullback for the price to collect buy orders.
Tomorrow, we have very strong news at the opening of the New York Stock Exchange, so I will most likely take the day off and wait to see what happens.
On the hourly (H) charts, we see strong bullish momentum, but we also see a lot of liquidity below. Therefore, I believe that tomorrow's news impact will push the price down and create a pullback for the price to collect buy orders.
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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.