DXY is going to conquer the 94.60 and it is going to retrace back.
Silver is heading south the 61.80% level of fibonacci retracement, but it may consolidate for at least two days.
DXY is still consolidating, somehow there are signals that refers the chart to be bullish. There's a thich Senkou B ahead of the price that can provide resistence (if it does the trend is gonna be BEARISH after the flat Senkou B is done being flat), however, there are 24 hours of flat Senkou B, which pulls the price back to itself. IT'S BETTER TO WAIT FOR THE KUMO...
Just trying to learn butterfly harmonic pattern! Not quite sure if it's completely right or wrong, however, with a glance on 1h and 4h of the USDCAD, USOIL and DXY charts, it can make sense. Feel free to state your opinion on this. Cheers!
U.S Dollar Index is gonna be corrective for the next week and gonna hit the bottom of the resistence area before the upcoming bullish set of candles reach the monthly trendline. The candle have the potential to create H and S pattern. Let's see what we're gonna get this week. Comment below, I would really appreciate your feedback and if you think I am wrong, feel...
Technically the trend must've show reaction to the support and the two resistence ahead, this is my out look up until Tuesday! As it is obvious, two trendlines are crossing each other and the upcoming candles' behaviour is vague af!
Not quite sure when might the USD break the corrective phase but this is my prediction so far
This is my outlook on DXY till the December of 2022. Feel free to state your opinion on this. Let's see what future may hold, cheers!