DXY - 10Jan2022
On the weekly, price faced bearish pressure after bouncing back to 96.45 and formed a tombstone candle. We could expect price to pullback to 95.00 area upcoming weeks.
On the H4 time frame, price broke below previous support and sell-off to support after NFP disappoints. As last week US economic data missed estimates, we could expect market participants to sell-off DXY lower.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the weekly, price faced bearish pressure after bouncing back to 96.45 and formed a tombstone candle. We could expect price to pullback to 95.00 area upcoming weeks.
On the H4 time frame, price broke below previous support and sell-off to support after NFP disappoints. As last week US economic data missed estimates, we could expect market participants to sell-off DXY lower.
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.