While U.S. economic data hasn't been stellar, it's still holding up well enough to support the dollar. Intra-week price action (8/26/24 - 9-6-24) reflects this, with strong upward movement indicating a continuation of the bullish trend.
Keep an eye on key support levels and potential pullbacks, as this bias could persist heading into the coming weeks.
Blue ATR is monthly
Purple ATR IS weekly
Keep an eye on key support levels and potential pullbacks, as this bias could persist heading into the coming weeks.
Blue ATR is monthly
Purple ATR IS weekly
Trade active
Bulls dominated the charts today! stay tuned for updates :)
Trade active
CPI and Crude Inventories data dropped today and BOTH numbers came out better than expected. the data is still supporting this bullish DXY outlook price action today failed to make new lows and immediately traded back to swing highs. if the bullish momentum remains strong for the week, I would expect a push into the 102.4 area we originally fell away from
Trade closed manually
updated charts out soon, stay tuned!
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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.