Hi everyone,
Let's talk about the next targets for the DXY . Within our community we've been watching this one since it created monthly demand, and re-used old monthly demand from a while back.
Yet, I don't really care much where it is coming from, I care about where it is going.
What you can see at the chart above is that the DXY is moving towards monthly and quarterly supply, which is around the 116 to 120 mark, from here I expect the bullish montly trend to atleast pullback for a few months or consolidate. But for now, more upside is likely as long as the weekly trendline and demand zone holds. If we're not moving for the upcoming 2 weeks, but stay above these weekly catalysts, the bias remains up.
That's my view in a very small summary!
Kind regards,
MNieveld
Let's talk about the next targets for the DXY . Within our community we've been watching this one since it created monthly demand, and re-used old monthly demand from a while back.
Yet, I don't really care much where it is coming from, I care about where it is going.
What you can see at the chart above is that the DXY is moving towards monthly and quarterly supply, which is around the 116 to 120 mark, from here I expect the bullish montly trend to atleast pullback for a few months or consolidate. But for now, more upside is likely as long as the weekly trendline and demand zone holds. If we're not moving for the upcoming 2 weeks, but stay above these weekly catalysts, the bias remains up.
That's my view in a very small summary!
Kind regards,
MNieveld