DXY - 17Nov2021
On the weekly, price surged pass 200MA like a hot knife through butter. We could potentially expect DXY to reach its H&S target at 96.72 this week.
On the H4 time frame, price is at upper channel resistance. Even though Stochastic is at resistance level, it is expected to break above it and continue its bullish momentum to 1st Resistance at 96.15. It also manage to close above important 95.50 level where it could provide strong support in the future.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the weekly, price surged pass 200MA like a hot knife through butter. We could potentially expect DXY to reach its H&S target at 96.72 this week.
On the H4 time frame, price is at upper channel resistance. Even though Stochastic is at resistance level, it is expected to break above it and continue its bullish momentum to 1st Resistance at 96.15. It also manage to close above important 95.50 level where it could provide strong support in the future.
This is for personal record purposes only, not financial advise or solicitation of trade.