DXY LOOKS ALL BULLISH
HELLO TRADERS
- Last week we have seen Dollar Index was rejected from a strong support area which was a good sign of longing opportunity.
- As we have seen how nicely Dollar index respected Weekly support.
- After closing a weekly candle we can see a strong bullish signal as Weekly closing was so aggressive and have potential.
- On lower time frame like 8H and 4H we have still Daily resistance ahead which can lead Index for some down movement but as Weekly and Daily closing is strong i am expecting overall trend will remain bullish.
- There is some safe potential area which i have mentioned in this chart.
- I suggest wait for index to break this area which is daily resistance and can look for rejection again on retest.
- As usual if DXY is strong all opposite pairs are short.
"Attaching my previous analysis for educational purpose"
- Last week we have seen Dollar Index was rejected from a strong support area which was a good sign of longing opportunity.
- As we have seen how nicely Dollar index respected Weekly support.
- After closing a weekly candle we can see a strong bullish signal as Weekly closing was so aggressive and have potential.
- On lower time frame like 8H and 4H we have still Daily resistance ahead which can lead Index for some down movement but as Weekly and Daily closing is strong i am expecting overall trend will remain bullish.
- There is some safe potential area which i have mentioned in this chart.
- I suggest wait for index to break this area which is daily resistance and can look for rejection again on retest.
- As usual if DXY is strong all opposite pairs are short.
"Attaching my previous analysis for educational purpose"
Investment and structure planning :
DM
DM
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