Before I start, I would like you all to refer to my previous DXY analysis before reading this. As you can see, I was expecting a fall in price back at my old analysis and we can see this movement this few days. Before we start, lets take a look at DXY in a bigger picture. We can see DXY is still following an uptrend and we should keep a bullish bias on this pair. As you can see from my chart, today,s candle is near 2 support line and a daily close above this level will see a bullish potential for DXY heading towards the resistance level once again.
No analysis is perfect. Best to compare your idea with my idea and make a decision by yourself. Always trust yourself :) If you do like my analysis do drop me a like and share your ideas below.
No analysis is perfect. Best to compare your idea with my idea and make a decision by yourself. Always trust yourself :) If you do like my analysis do drop me a like and share your ideas below.
