Sellers bullish run started 1/8 caused the pair to drop in excess of 400+ pips, now with the reversal to the upside in full effect. Forecast below shows expectation for a pullback down to 106 psycho before continuation back up; potential target 107. DXY seems to have also gained traction as forecasted earlier this week in response to positive CPI data coupled with trade tariffs developments.
Confluences: CS, Fib, 106 Psycho zone and DXY.
Forecast:
DXY: Expecting move towards 98, clear break of FIB.
Confluences: CS, Fib, 106 Psycho zone and DXY.
Forecast:
DXY: Expecting move towards 98, clear break of FIB.
Trade closed: target reached
Spike this morning with pair rising as high as 106.77!Note
DXY reached 98 with resistance
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.
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.