DXY - 17Jan2022
On the daily / weekly, price dropped lower to previous breakout area at 94.525 and bounced back to the ascending trendline. If price can close back above this trendline, we could expect further bullish momentum for DXY.
On the H4 time frame, priced is coming into 1st Resistance at 95.330. After forming 3 white soldier, it is expected for the price to pull back to 1st Support at 94.870 before further monitoring of the price action.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily / weekly, price dropped lower to previous breakout area at 94.525 and bounced back to the ascending trendline. If price can close back above this trendline, we could expect further bullish momentum for DXY.
On the H4 time frame, priced is coming into 1st Resistance at 95.330. After forming 3 white soldier, it is expected for the price to pull back to 1st Support at 94.870 before further monitoring of the price action.
This is for personal record purposes only, not financial advise or solicitation of trade.
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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.
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.