DXY - 15Feb2022
On the daily, DXY bounced and confirmed above 20EMA and 50MA. It is now at 50% Fib resistance around 96.34.
On the H4, price is at Fib confluence resistance with a demand candle around at 96.40 area. With several resistance factors, we could expect DXY to at least pull back to 1st Support at 95.955 before bouncing higher today.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, DXY bounced and confirmed above 20EMA and 50MA. It is now at 50% Fib resistance around 96.34.
On the H4, price is at Fib confluence resistance with a demand candle around at 96.40 area. With several resistance factors, we could expect DXY to at least pull back to 1st Support at 95.955 before bouncing higher today.
This is for personal record purposes only, not financial advise or solicitation of trade.