WEEKLY DXY FORECAST 04.10.2020
WEEKLY:
- Bullish engulfing candle closing above monthly 93.30 price.
- possible retest of the 93.30 key level, before a continuation to the upside
DAILY:
- DXY = uptrend (clear HH & HL being formed)
- waiting for third bounce of trendline for further upside/ could potentially break TL
- further confluence for upside = fib golden region falling around 93.30 key level.
IF DXY REJECTS 93.30 FOR UPSIDE:
- SELL: XXXUSD
- BUY: USDXXX
- Bullish engulfing candle closing above monthly 93.30 price.
- possible retest of the 93.30 key level, before a continuation to the upside
DAILY:
- DXY = uptrend (clear HH & HL being formed)
- waiting for third bounce of trendline for further upside/ could potentially break TL
- further confluence for upside = fib golden region falling around 93.30 key level.
IF DXY REJECTS 93.30 FOR UPSIDE:
- SELL: XXXUSD
- BUY: USDXXX
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