DXY is currently at a D1 Resistance Level, This Level has been Tested Twice and Held Also a 38% Fib Retracement CME Feb Watch has 96% of Investors expect A rate Cut in Sep.
We are More likely to Break Below and Continue towards 104
SnP 500 Reached All time highs on friday and broke Key Monthly Resistance Area @ 4815.
and Closed Above indicating a stronger Push to the upside.
Possible Long Areas will be at 4791 at the D1 Support and H4 Trendline After getting signs of reversals at this level we should continue to push up We are currently in Earning Season.
Rates cuts are still Anticipated...
Technical
DXY Broke a Daily resistance area at 102,253 and also broke Daily Resistance line at 102,253 indicating a change in structure from Bearish to Bullish.
We can start looking for possible long entries from the retest of the H4 trenline @ 102,732 ,Retest of the H4 Support Area @ 102,333 and if we get more downward pressure from the bears we should...
DXY,Broke a key consolidation area the Bulls and the Bears we indecesion We have to give credit to the Bulls as they broke a H4 range of between 101,623(Support) and 102,228(Resistance Area) and Price Broke above the D1 Resistance Trendline. indicating a possible shift in structure.From a Bearish to Bullish.
A Possible Long Entries on USD Pairs May be taken...
Price Broke Below,the Daily Trendline and Shifted from a key Level of resistance at 0,66688 This was a Key Support Level on the Daily Timeframe . Price Broke below with Momentum Today ,indicating a possible shift in Structure From Bearish to Bullish.
Short
indicating a Strong Dollar and Weakness in Aussie ,A Possible Entry will be on the H4 Retest of the...
