DXY possible correction
There is a possibility for a correction on the dollar index, a butterfly harmonic pattern and a CP supply untested supply zone.
we will look for price action in these two upcoming weeks.
we will look for price action in these two upcoming weeks.
Note
If we expect this new variant COVID-19 to continue its effect on capital markets, then a continuation of RISK OFF sentiment will push USD up. I think even though the market is reacted to the area identified, we still think searching for buying opportunities will yield a higher probability trade.Note
Update on the progress
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Related publications
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.