DXY correlation!!
Updated
Price dropped aggressively from retest of broken 200 EMA, previous 3x Top neckline and as well as the pitchforks trend line that was broken. Price broke through 61.8 FIB, will be watching for slight pullback to retest 61.8 FIB which will also retest broken 2x Top neckline. RSI bounced off 50 Level, staying under.
The dollar is gaining strength thanks to the positive news this week and Hawkish views from the FEDs with the Fed rate increase as well.
Technical analysis for DXY shows an inverted Head & Shoulders on the Daily with price near the neckline attempting to break it, expecting pullback will be to broken 38.2 FIB before breaking the Inverted Head & Shoulders neckline and off we go!! Also the weekly chart printed a nice Bullish Engulfing candle. No entries will be made right away at market open, will be watching closely for a good entry to enter in short!
Our group made over 240 PIPS this week off of 4 Trades.
We will be releasing our Advanced Technical Analysis and Day Trading Strategy course soon, in the meantime...
...if your interested in deciphering our analysis and staying updated on entries join our newly made telegram group so we can grow together!
t.me/joinchat/IuIDk0CJ2d41VlpMxgCdzg
Follow us on Instagram and Facebook @ FXL_Style
FXLifestyle - Trade Your Future
The dollar is gaining strength thanks to the positive news this week and Hawkish views from the FEDs with the Fed rate increase as well.
Technical analysis for DXY shows an inverted Head & Shoulders on the Daily with price near the neckline attempting to break it, expecting pullback will be to broken 38.2 FIB before breaking the Inverted Head & Shoulders neckline and off we go!! Also the weekly chart printed a nice Bullish Engulfing candle. No entries will be made right away at market open, will be watching closely for a good entry to enter in short!
Our group made over 240 PIPS this week off of 4 Trades.
We will be releasing our Advanced Technical Analysis and Day Trading Strategy course soon, in the meantime...
...if your interested in deciphering our analysis and staying updated on entries join our newly made telegram group so we can grow together!
t.me/joinchat/IuIDk0CJ2d41VlpMxgCdzg
Follow us on Instagram and Facebook @ FXL_Style
FXLifestyle - Trade Your Future
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