Analysis
-DXY looking bullish after showing signs of a potential reversal. Sellers pushed price down into support but buyers bought it up before the daily candle close.
-The price action resulted in a pinbar setup AT SUPPORT which is a bullish sign for the dollar.
-On the 1H time frame, price probing a minor resistance level and a break to the upside may be followed by more bullish momentum.
-Price is looks like it may be creating an inverse head and shoulders at a market bottom / support zone which also suggests DXY upside, should it breakout.
-USDJPY also looking bullish which further confirms a potential increase in dollar strength.
*Trade safe and at your own discretion!*
-DXY looking bullish after showing signs of a potential reversal. Sellers pushed price down into support but buyers bought it up before the daily candle close.
-The price action resulted in a pinbar setup AT SUPPORT which is a bullish sign for the dollar.
-On the 1H time frame, price probing a minor resistance level and a break to the upside may be followed by more bullish momentum.
-Price is looks like it may be creating an inverse head and shoulders at a market bottom / support zone which also suggests DXY upside, should it breakout.
-USDJPY also looking bullish which further confirms a potential increase in dollar strength.
*Trade safe and at your own discretion!*
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.