DXY - outlook 23 Sept 2020 - Buy biased but be wary!!!

HI all traders.

This is a video analysis on dxy.

DXY is actually on the upside for now, but be wary that dxy is still a downtrend for now.

There are a few levels that i have pre-warn within the video for traders to take extra note on it.

Do take extra note on this because dxy usually will affect most of the usd pairs movement. Especially for EURUSD.

As always, hope you like this video analysis.

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Thank you and cheers!

Commentaire:

Hi all traders,

As explain the 94.80 area is an important area for resistance.

And now look at dxy h1, we are forming a wedge, if this wedge is broken towards the downside, we should be cautious about any buying for dxy.
Link as shown here:

So take extra note of this update.

Commentaire:

Some traders are asking if wedge is a definite sell..
the answer is no.. For now the structure is still HH and HL.

So continue to buy it until the wedge is confirm with a break towards the downside.

Otherwise. Continue buying. However if breakout of 94.80 area, take note of further upside as explain in my video analysis.

Cheers!