DXY in a critical area..

- Is in a critical area now almost completing an ABCD rally. Why its so critical is that if it fails in this area then it will likely drop down to the 102.00 area. In turn this will likely give the Indices that one last push higher to complete patterns. If it starts rallying through the 104 level then we will likely see a run to the bigger upside pattern at 108-109 area which will give us a deeper correction in the Indices and likely GOLD. 🧐🧐 Big few days ahead.. 💰💰

Note

Quiet start to the week. Still in the Key CIT area. Watching as the week goes on.

Note

Looks like we are having one more rally. Watching for a reversal today.

Note

The DXY keeps going higher getting close to the next key levels. If it breaks higher than the 78% level then we look at the longer term bullish scenario with the bigger pattern towards 108-109. But with the FED out there tonight anything is possible so be careful and there will be opportunities tomorrow.

Enjoy the day.

Note

DXY looking like it wants to push higher to complete smaller patterns. Likely to be quiet early in the week with not a lot of market moving data.

Note

Watching for a short term PB to give us the next clue to the upside

Note

After the PB we were looking for its now broken to the upside with 106 in sight. Monday/Tuesday are key CIT days so will be watching that.

Note

Things are getting indecisive but there is still the upside target and going there would help push the INDICES & GOLD lower.

L_F

Aussi sur:

Clause de non-responsabilité

Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.

L_F

Aussi sur: