It could move upwards to the white trend line 115
Disclaimer:
It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
the upcoming week ahead bring alot of volatility have days with events and major ones
Recap -
the previous week was more based on sharp turns that has tested important level and broken important level
but left behind some imbalance that given a strong sign or outperformance by DXY
What to Expect - 104.300 the price breakout now the upside potential liquidity...
After the highs of 107+ price , since price went bearish that has created a monthly bearish FVG that is marked in orange , price after reaching 101 lvl mitigated the open Bullish FVG on higher time frame, which leads to price bouncing back towards the zone of Bearish FVG
currently price is getting rejected and due to higher time frame giving the bearish bias...
U.S. manufacturing continued to recover in September as employment rebounded, according to a survey by the Institute for Supply Management.
In addition, the US Congress issued a temporary budget law last weekend to prevent the risk of a Government shutdown. This act helps allocate funds to ensure the federal government can maintain operations until November 17....
The Reason posting this we have clean SMT Between EURUSD and DXY.
EURUSD did MSB in LTF and hit 1h Demand, possible ready to pump during London Open or NYO
About DXY price could drop below original consolidation.
More update you can find later
Monthly orderflow remains bullish, we have monthly accumulation, buyers are still in control in HTF. untill and unless i don't see any distribution on HTF, DXY isn't falling (according to me)
Dear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
as I said on last weeks ... as I said last week DXY rejected and closed in the area 91,900 but below the value of FIBONACCI 618!
in the next period DXY is in a very...
Dear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
as I said on last weeks ... exactly as I said DXY reached the 92400 area from where I expect a rejection to the 91900 area and after you will test and the Fibonacci...
DXY has managed to broke the trend line yesterday with strong bullish candle and reached 93.50 level and currently DXY is in consolidation phase.93.67 and the .50 Fibonacci will act as decent resistance for the bull. If this levels are broken then we may expect DXY will reach 94.75 level
