DXY Weekly Outlook
Weekly Timeframe
- DXY tapped the Weekly Fair Value Gap & 0.5 Level of the whole move.
- As Per 37 Year Seasonality chart, DXY will go to tap May Highs & Weekly Liquidity Upside.
Daily Timeframe :
- On Daily time frame withing the Weekly FVG, we get a Daily Orderblock.
- This orderblock is acting as a support and price is giving a good reaction from the orderblock.
- So far Price stays above this order block, expecting the price to move towards 104.699 - 105.883 Levels.
12 HR Timeframe
This chart is from the perspective of Pattern & Elliot Wave Count.
- On 12 HR it's forming Wave 4 Bull flag with ABC subwaves.
- Breakout from this bull flag will confirm that the price is heading for the extended 5th Wave.
- DXY tapped the Weekly Fair Value Gap & 0.5 Level of the whole move.
- As Per 37 Year Seasonality chart, DXY will go to tap May Highs & Weekly Liquidity Upside.
Daily Timeframe :
- On Daily time frame withing the Weekly FVG, we get a Daily Orderblock.
- This orderblock is acting as a support and price is giving a good reaction from the orderblock.
- So far Price stays above this order block, expecting the price to move towards 104.699 - 105.883 Levels.
12 HR Timeframe
This chart is from the perspective of Pattern & Elliot Wave Count.
- On 12 HR it's forming Wave 4 Bull flag with ABC subwaves.
- Breakout from this bull flag will confirm that the price is heading for the extended 5th Wave.
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