So far the DXY has been following the structure I have been outlining extremely closely. To look back at those past ideas view them here:
After calling the rally within $0.07 of the actual low, the DXY has now broken out above the parallel channel.
In my last idea I outlined that the RSI was likely to get rejected around the black trendline and that a pullback would follow, most likely causing the DXY to retest the previous highs around $100 to $100.50, the weekly 100 MA, and the top of the parallel channel. This is labeled "Watch for Retest" on the chart.
The catalyst for the next directional move could come from the economic data releasing tomorrow, June 25th. Depending on what the data shows, it could either trigger that retest or add additional fuel to continue the momentum and begin pushing the DXY toward the macro targets around $105 to $107 outlined in these ideas:
Either way tomorrow will be a significant day for the DXY. I will keep this chart updated as key levels come into play.
After calling the rally within $0.07 of the actual low, the DXY has now broken out above the parallel channel.
In my last idea I outlined that the RSI was likely to get rejected around the black trendline and that a pullback would follow, most likely causing the DXY to retest the previous highs around $100 to $100.50, the weekly 100 MA, and the top of the parallel channel. This is labeled "Watch for Retest" on the chart.
The catalyst for the next directional move could come from the economic data releasing tomorrow, June 25th. Depending on what the data shows, it could either trigger that retest or add additional fuel to continue the momentum and begin pushing the DXY toward the macro targets around $105 to $107 outlined in these ideas:
Either way tomorrow will be a significant day for the DXY. I will keep this chart updated as key levels come into play.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.