Fundamental Analysis:
Although DXY has been continuing its strong bullish momentum propelled by fears of rising inflation as well as an improved jobs market, economist are fearing a potential collapse of the US economy with rising debts reaching its ceiling. Markets are shifting to gold to act as a safe haven for investment as investors are awaiting the results for the US election.
Technical analysis:
1.Price is currently re-testing our FVG + OB zone at 2747-2752.5. If price price rejects this area and create a bearish CHoCH, i will look for sells. If price close below 2740.5, we will have a bigger confirmation for bearish Reversal.
2.i will monitor our m30 bullish OB at 2738-2733 for potential continuation buys.
3.Our flip + FIB golden zone at 2731-2726 serves as a higher probability buy zone.
4.if price break below our flip zone, we will have a major bearish market structure shift and i will look for potential breakout sells
Although DXY has been continuing its strong bullish momentum propelled by fears of rising inflation as well as an improved jobs market, economist are fearing a potential collapse of the US economy with rising debts reaching its ceiling. Markets are shifting to gold to act as a safe haven for investment as investors are awaiting the results for the US election.
Technical analysis:
1.Price is currently re-testing our FVG + OB zone at 2747-2752.5. If price price rejects this area and create a bearish CHoCH, i will look for sells. If price close below 2740.5, we will have a bigger confirmation for bearish Reversal.
2.i will monitor our m30 bullish OB at 2738-2733 for potential continuation buys.
3.Our flip + FIB golden zone at 2731-2726 serves as a higher probability buy zone.
4.if price break below our flip zone, we will have a major bearish market structure shift and i will look for potential breakout sells
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.
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.