I expect DXY to head higher for the remainder of the month. This due a positive technical stance supporting the bulls. Price has tested 93.50 level and as of now it's clear it is failing to crack it. If the price stays above this level and we get a close above 94.00 on the Daily perspective, I personally expect a huge rise. This is also supported by the price...
DAILY - 1. Hammer testing 38.2% 2. MA pointing down 3. 21 MA price rejection 4. Daily T.L broken + retested HOURLY - 1. Descending T.L 3rd bounce 2. FIB C 78.6% 3. Inside bar + wicks at the top 4H 4. MA's crossover on 2H -+ doji at FIB C
ABCD COMPLETION AND 61.8 FIB LEVEL RETEST MIGHT ALSO GIVE US A BOUNCE AT A DESCENDING T.L WITH A THIRD TOUCH IN PLACE. WAIT FOR MORE CONFIRMATION ON AN INTRA-DAY.
A bullish counter T.L break and the MAs crossover. A projection of 1.1815 anticipated. The daily SUPP of 1.1715 held firm with the price giving us lot of spikes around that level. We also just had a nice morning star presented around 1.1715.
A RETEST OF THE DAILY RESISTENCE AT 1.1715 AND THE COMPLETION OF THE D LEG AT 1.618 FIB LEVEL DISPLAYING A SHORT OPPORTUNITY TO ATLEAST 0.318 0R A RETEST OF THE INNER T.L
1.3000 Key level and the Counter T.L has been broken. MA's are about to cross over. I expect some bullish momentum now ans maybe a new high at around 1.3200
GBPUSD IS SHOING SOME BULLISH SENTIMENT, WAITING FOR A RE-TEST OF A T.L AND SOME PRICE ACTION CANDLESTICKS.