The DXY has been respecting our levels quite to the tip lately. We have had CPI and PPI during the previous week so let's see where we go from here.
We are currently back into Monday's gap (3rd)
We are essentially running for the liquidity left before the drop.
Our overall perspective for the DXY remains the same. Bullish and most likely targeting 104's and 105's. For the time being tape reading the markets and keeping a close eye on the DXY.
Expecting us to trade within the blue box for now.
As always HIGHER DXY = LOWER indices, stocks, crypto etc...AND LOWER DXY = HIGHER indices, stocks, crypto etc...
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
We are currently back into Monday's gap (3rd)
We are essentially running for the liquidity left before the drop.
Our overall perspective for the DXY remains the same. Bullish and most likely targeting 104's and 105's. For the time being tape reading the markets and keeping a close eye on the DXY.
Expecting us to trade within the blue box for now.
As always HIGHER DXY = LOWER indices, stocks, crypto etc...AND LOWER DXY = HIGHER indices, stocks, crypto etc...
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
