US Dollar Index

DOLLAR INDEX (DXY)

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We have the DXY trapped inbetween our overall bullish structure, we can see the market bouncing off from our supporting trendline giving us a strong push to the upside.

meaning we having buyers currently pushing the market up aiming for the resisting trendline (v) from the we having to market probabilities

1.SELLING OPPORTUNITY - we having a high probability of the market rejecting or rather selling at the trendline because of PRICE ACTION as well as our historical DATA.

2.BUYING OPPORTUNITY - looking at the second scenario we could also have a break ABOVE the trendline as we look deep on our candlestick formation, we are having a strong bullish momentum.

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