Hi to every one
In the DXY we are in the middle of the decisioning area which means
we should wait for the market to show its hands
This was the technical perspective
BUT
things are happening around the world the most important one is the
USA central bank Interest Rate Cutting Decision which can leads the DXY to go lower without retracting to the 0.5 of the range
this factor also should be considered BUT overall i am bullish for DXY
In the DXY we are in the middle of the decisioning area which means
we should wait for the market to show its hands
- First sensitive level that i am looking for is the C.E of the weekly candle(Prev.week)
- IF we get resistance at that level we can wait for the price to deep into the SSL M level
- Other wise i don't see any indication and obstacle for the DXY to reach the OB level above the 0.5 mid level of the range
- this is my the first low hanging fruit objective which is high probability
- after that my ultimate objective is the SiBi to be rebalanced
This was the technical perspective
BUT
things are happening around the world the most important one is the
USA central bank Interest Rate Cutting Decision which can leads the DXY to go lower without retracting to the 0.5 of the range
this factor also should be considered BUT overall i am bullish for DXY
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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.