Updated

DXY: Price is at a critical Juncture

Comments on the chart. I am bullish the US$ towards the 108 area at least but the trading is how we get there from here.

Note

Downside momentum has stalled. A good place for a turn

Note

I hae to entertain the idea that a temporary top might be in and that there is seriously more downside to come. Price has been pushing lower more than expected. When price is not behaving as expected take a step back and re-analyse

Note

Price is breaking down. as said in the idea if we dont turn around hard from here we should be looking much lower. I will publish a different scenario idea by the end of the day

Olu

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Olu