DXY - 14Mar2022
DXY - 14Mar2022
On the daily, DXY is rebounding back strongly after facing bearish pressure from the upper trendline resistance. Price is mixed for now as it is coming into Stochastic and upper channel resistance. However, if the geopolitical tension intensifies, we could expect price to surge to 1st Resistance at 100.04
On the H4, price is looking to retest previous highs at 99.340 today. With Stochastic also at resistance, we will have to wait and see whether it can break above previous highs today.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, DXY is rebounding back strongly after facing bearish pressure from the upper trendline resistance. Price is mixed for now as it is coming into Stochastic and upper channel resistance. However, if the geopolitical tension intensifies, we could expect price to surge to 1st Resistance at 100.04
On the H4, price is looking to retest previous highs at 99.340 today. With Stochastic also at resistance, we will have to wait and see whether it can break above previous highs today.
This is for personal record purposes only, not financial advise or solicitation of trade.
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