I see DXY coming to a conclusion and forming a distribution top.
Still need to break above to upper test and then a final UTAD to the upper channel.
After the UTAD, that should be the end of the bull run in DXY.
Good Luck
Still need to break above to upper test and then a final UTAD to the upper channel.
After the UTAD, that should be the end of the bull run in DXY.
Good Luck
Note
DXY is holding the 50% retracement, this could begin the bullish impulse
Note
1D MA50 acting as support. It will be interesting to see how this daily candle closes. A bullish hammer candle would be very telling.
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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.