US DOLLAR INDEX ( DXY, USD ) Weekly Outlook.... BULLISH!
Updated
DXY is respecting bullish FVGs, at least in the near term. I'll be looking for:
Sell setups in EURUSD, GBPUSD, NZDUSD, AUDUSD.
Buy setups in USDCAD, USDCHF.
Sell setups in EURUSD, GBPUSD, NZDUSD, AUDUSD.
Buy setups in USDCAD, USDCHF.
Note
Price has pushed higher, as expected.
It reached the -FVG, without a significant pullback.
Now what?
We watch for the reaction to this poi. As I mentioned in the analysis, if price continues to make its way higher.... disrespecting bearish PD Arrays, then we maintain a bullish bias. If the reaction is sharp, we wait until the bullish FVGs are disrespected before considering a change in our bias.
Did you take sells in the xxxUSD pairs? Buys in the USDxxx pairs??
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