DXY - 12Apr2022
On the daily, DXY is still testing the major 78.6% Fib resistance at 100.04 . If price closes above 100.04 on the daily, we could expect DXY to bounce and retest 31Mar20 highs at 102.90
On the H4, price action is still indicating strong bullish momentum. If price closes above recent highs at 100.20, its wave count will be revised Wave (3). H4 Stochastic has come down from the resistance and could have further upside, however H1 Stochastic still indicates negative bearish divergence that has yet to play out.
This is for personal work record purposes only, not financial advise or solicitation of trade.
On the daily, DXY is still testing the major 78.6% Fib resistance at 100.04 . If price closes above 100.04 on the daily, we could expect DXY to bounce and retest 31Mar20 highs at 102.90
On the H4, price action is still indicating strong bullish momentum. If price closes above recent highs at 100.20, its wave count will be revised Wave (3). H4 Stochastic has come down from the resistance and could have further upside, however H1 Stochastic still indicates negative bearish divergence that has yet to play out.
This is for personal work record purposes only, not financial advise or solicitation of trade.
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