Technically and Fundamentally:
In this chart, the DXY has support and take profit level lining up. It is either here or a little bit lower that the bears will take cover. They have already started to.32 hours ago, and bulls nibbling at the dollar.
On top of that, there is 4 Hour Bullish Divergence and 61.8% Fib Support. We are sitting on a B-Wave, which targets 97.50 and above. This scenario is possible, given that there is data supporting the US Dollar this week or next week.
So, looking for the major bulls to steep into the dollar market. Shy bulls will wait until the supply line is broken and add to the buying frenzy that may ensue.
In this chart, the DXY has support and take profit level lining up. It is either here or a little bit lower that the bears will take cover. They have already started to.32 hours ago, and bulls nibbling at the dollar.
On top of that, there is 4 Hour Bullish Divergence and 61.8% Fib Support. We are sitting on a B-Wave, which targets 97.50 and above. This scenario is possible, given that there is data supporting the US Dollar this week or next week.
So, looking for the major bulls to steep into the dollar market. Shy bulls will wait until the supply line is broken and add to the buying frenzy that may ensue.
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.
