Pho_Gyu

Pho_Gyu

DXY is nearing first reversal/resistance zone, any bearish movement that can push DXY down to 93.25 would make this a viable trade opportunity on GBPUSD for those who are going long. I want to see if DXY shows favorable bear candles and GBPUSD showing bullish moves. I am not a financial advisor, this is only speculation, what are your thoughts? please do your own...

Pho_Gyu

After a bearish month, filled with downtrends, the possibility that DXY could see a temporary reversal to the long side for the first week or the month of august to form a pullback to continue the downtrend. The three arrows indicate fib levels of potential reversal or resistance, the last two on a trendline. USD can possibly show strength for the time being. I am...