Directional Bias: Bearish
Narrative
- The initial forecast i did for DXY played out well last week(tradingview.com/chart/DXY/LplfnCqu-DXY-Weekly-Overview/) with volatility coming into the market to push prices lower. I am still bearish on the dollar
- We traded below previous months low, and this is where i would like to pause to get new context to go lower from the weekly timeframe, after the creating an expansion candle, would like to see weekly create a new FVG low to indicate further decent for the DXY
- The Daily Has a bearish FVG overlapping with the Fair Value area. this is where i would like to see price continue lower from for this week. However with volatility coming into the market from Tuesday CPI, we may see price consolidate today.
Targets:
- Previous Weeks Low - 102.300
Medium Term Targets:
- Monthly Low 101.030
- Monthly Swing Low- 100.320
- Quarterly- 99.220
Narrative
- The initial forecast i did for DXY played out well last week(tradingview.com/chart/DXY/LplfnCqu-DXY-Weekly-Overview/) with volatility coming into the market to push prices lower. I am still bearish on the dollar
- We traded below previous months low, and this is where i would like to pause to get new context to go lower from the weekly timeframe, after the creating an expansion candle, would like to see weekly create a new FVG low to indicate further decent for the DXY
- The Daily Has a bearish FVG overlapping with the Fair Value area. this is where i would like to see price continue lower from for this week. However with volatility coming into the market from Tuesday CPI, we may see price consolidate today.
Targets:
- Previous Weeks Low - 102.300
Medium Term Targets:
- Monthly Low 101.030
- Monthly Swing Low- 100.320
- Quarterly- 99.220
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.