Dear Friends,
How I see it:
Bearish behavior persistent - DXY @ 106.415 at this time.
Strong demand above 148.500.
Strong resistance below 150.000.
One of these areas has to be breached for clearer direction.
As before mentioned this is an important pivot area.
Keynote:
Trend remains "BEARISH" as the pair is achieving new "LOWER LOWS".
Thank you for taking the time to study my analysis.
How I see it:
Bearish behavior persistent - DXY @ 106.415 at this time.
Strong demand above 148.500.
Strong resistance below 150.000.
One of these areas has to be breached for clearer direction.
As before mentioned this is an important pivot area.
Keynote:
Trend remains "BEARISH" as the pair is achieving new "LOWER LOWS".
Thank you for taking the time to study my analysis.
Note
SELL threshold @ 149.540Note
First 1HR body close above 4HR trend...fake or legit? Let's seeNote
4HR Body closed above trend resistance...we'll have to see.Pair was unable to short thus far today.
More of a consolidation hold.
My red zone is the 71 - 79% FIB retracement, FYI
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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.