🟣DXY🟣 H4 CHART
As we witness the unfolding of a conflict in the Middle East this week I expect the commodities of OIL and GOLD to raise more after a pullback that will offer buy entries.
On my view the DXY index will pullback to the previous broken support now resistance in the 99.200 - 99.340 area and selloff to the weekly targets 97.500 and 96.800.
FOMC on Wednesday should catalyse this move and I expect the pullback to take place between the first days of the week
As we witness the unfolding of a conflict in the Middle East this week I expect the commodities of OIL and GOLD to raise more after a pullback that will offer buy entries.
On my view the DXY index will pullback to the previous broken support now resistance in the 99.200 - 99.340 area and selloff to the weekly targets 97.500 and 96.800.
FOMC on Wednesday should catalyse this move and I expect the pullback to take place between the first days of the week
Trade active
pullback started as expected and now travelling to selloff point
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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.