DXY - 04Feb2022
On the daily, price is coming into ascending trendline support. There could be a short-term bounce today.
On the H4 & H1, price seems to be playing out h&s with the target to around 94.44. However, the price is now coming into long term ascending trendline support. Also with Stochastic at support, we could expect price to have a short-term bounce, possibly to 1st Resistance + Neckline at 95.950 before dropping much lower.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, price is coming into ascending trendline support. There could be a short-term bounce today.
On the H4 & H1, price seems to be playing out h&s with the target to around 94.44. However, the price is now coming into long term ascending trendline support. Also with Stochastic at support, we could expect price to have a short-term bounce, possibly to 1st Resistance + Neckline at 95.950 before dropping much lower.
This is for personal record purposes only, not financial advise or solicitation of trade.
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