DXY Outlook 5/8
I decided to begin charting the DXY for perspective as I only trade dollar correlated pairs, so the DXY at supply or demand is a powerful secondary confluence. I thought the dollar was showing weakness last week but it proved me wrong and printed a new high towards the week end.
I think the dollar is likely to keep showing strength at least till the monthly supply above, at which point we can see some shifts. This is in line with my general bearish bias with all things trading against the dollar right now.
Price can still show weakness early in the week to mitigate orders before moving.
I think the dollar is likely to keep showing strength at least till the monthly supply above, at which point we can see some shifts. This is in line with my general bearish bias with all things trading against the dollar right now.
Price can still show weakness early in the week to mitigate orders before moving.
Let the algo show you its hand.
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