DXY - 14Feb2022
This week'soptions expiration week starts with a strong rebound in DXY last week. On the weekly, price rebounded strongly from the 200MA, 20EMA and the ascending trendline. On the daily, price is trying to close above 20EMA & 50MA.
On the H4 price bounced back above the neckline, negating further downside potential. Price action is mixed with option expiration and FOMC minutes releasing this week.
This is for personal record purposes only, not financial advise or solicitation of trade.
This week'soptions expiration week starts with a strong rebound in DXY last week. On the weekly, price rebounded strongly from the 200MA, 20EMA and the ascending trendline. On the daily, price is trying to close above 20EMA & 50MA.
On the H4 price bounced back above the neckline, negating further downside potential. Price action is mixed with option expiration and FOMC minutes releasing this week.
This is for personal record purposes only, not financial advise or solicitation of trade.
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