DXY made an excess high (circled), and this indicate the chart is about to turning down. Ideally DXY will turn down to 98.50 area. if it's so the formation will be a changing its behaviour (COB). But I don't see and an aggressive selling on the following day (today), will it surprise us to the upside ? Excess high or Upthrust shall initiate a down move, if not it shows that the demand is still high .. For now, I like to find low risk for selling the USD, then will work on the following chart.
Nota
DXY has a responsive buyer above the lower balance, if DXY trade above 99 level, we will see DXY to test the high. as I mentioned earlier, I must watch more on my bearish bias on this structure due to absence of the aggressive seller. but lack of higher buyer, likely the buyers will throw the towel and bring the structure to go much lower
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.