Hello Traders!
Here this is the DXY yearly range on the monthly time frame.
I do not think we are going to see another rally in the dollar during this year.
We have failed to break a previous monthly high and took out the pervious monthly low.
According to the yearly open we are in a premium range.
You can see how earlier in the year the discount range is where the commercials executed their net longs for the year.
This yearly candle is a large range candle as well.
Here this is the DXY yearly range on the monthly time frame.
I do not think we are going to see another rally in the dollar during this year.
We have failed to break a previous monthly high and took out the pervious monthly low.
According to the yearly open we are in a premium range.
You can see how earlier in the year the discount range is where the commercials executed their net longs for the year.
This yearly candle is a large range candle as well.
