While I'm making this analysis Public, its purpose is really just a 'fun' project for myself to take a look back over time to see how (if) accurate it turns out to be. what does the DXY yrTF 'tell' me? 1) the CCi has been making strong bullish moves (+100) away from the average price... while price has been printing LH's. 2) 2007 has been the only year (since...
On the weekly Time Frame the DXY has broken above a previous weekly resistance level (wPb). Price has since Re-Tested this level and seems to be finding Support. Last weeks candle (week 6) printed what I believe, has proven to be a strong reversal candle (with Bullish Divergence), indicating the bearish correction (Re-Test of wPb) is about to reverse Long. ...
FX:EURUSD The last Quarter of 2024 closed Bearish Engulfing. This was a reaction off the 'qrtE' (Push Zone). A Re-Test of the previous Pull Back, which also resulted in a Double Top with Bearish Divergence. A Bullish reaction off the Bear 'yr^' level is very probable, however, probably short lived, given that the 3rd Qrt of 2022 violated the level and the...