#DXY #dollar setting up for higher high?
DXY made a 382 fib retracement from recent high.
DXY currently on 4hour 50 period moving average.
DXY stochastic on 4 hour graph is oversold.
Is this perhaps the end of a B leg and we are setting up for a C leg higher?
Based on the CPI figures of yesterday, I would say that probability is for DXY going higher.
This in turn might mean with probability that US stocks will fall back, after yesterday's volitile UP day.
DXY currently on 4hour 50 period moving average.
DXY stochastic on 4 hour graph is oversold.
Is this perhaps the end of a B leg and we are setting up for a C leg higher?
Based on the CPI figures of yesterday, I would say that probability is for DXY going higher.
This in turn might mean with probability that US stocks will fall back, after yesterday's volitile UP day.
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