DXY Daily Trendline Resistance Up Ahead!
Updated
Heavy bullish follow-through yesterday
for the entire day. Daily price action was stopped out
on a trendline resistance and 23.60% fib retracement
I would expect a correction to happen today, both the
hourly tf prints oversold levels and price just sits on
the Daily R2 Level.
for the entire day. Daily price action was stopped out
on a trendline resistance and 23.60% fib retracement
I would expect a correction to happen today, both the
hourly tf prints oversold levels and price just sits on
the Daily R2 Level.
Trade active
Dollar has been in a pressure lately, technically speaking the dollar is in a downtrend. I'm still not interesting in buying it. Last week's price action wasn't able to take down the previous week's high. This week, price action will probably perforate the double bottom it printed this month.
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.