DXY, what is next bro?
DXY analysis 1/09/24💵
Few things about it:
DXY is oversold and it has 4h and daily FVG higher +
It just tested the bottom of the global range (almost 2 years in consolidation), and most likely it will bounce till dFVG,
On 15m and 1h time frame, DXY has an uptrend (MS( ChoCH) and BoS) until the uptrend on 1h is not broken I will not consider reversal on DXY
DXY and EUR always fill their gaps on high time frames, before they move further and the next move on DXY will be final, so most likely it will keep going higher till 0.5 zone ( equilibrium) of this global range ~103.2-103.4 area
Considering all of this I will expect EUR and all pairs that trade against USD will be bearish unless the uptrend on 1h is broken with DOUBLE shifts only then i will consider DXY's reversal
Few things about it:
DXY is oversold and it has 4h and daily FVG higher +
It just tested the bottom of the global range (almost 2 years in consolidation), and most likely it will bounce till dFVG,
On 15m and 1h time frame, DXY has an uptrend (MS( ChoCH) and BoS) until the uptrend on 1h is not broken I will not consider reversal on DXY
DXY and EUR always fill their gaps on high time frames, before they move further and the next move on DXY will be final, so most likely it will keep going higher till 0.5 zone ( equilibrium) of this global range ~103.2-103.4 area
Considering all of this I will expect EUR and all pairs that trade against USD will be bearish unless the uptrend on 1h is broken with DOUBLE shifts only then i will consider DXY's reversal
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.