DXY Bullish Bias: Price Action & Data Alignment

6 Sep

While U.S. economic data hasn't been stellar, it's still holding up well enough to support the dollar. Intra-week price action (8/26/24 - 9-6-24) reflects this, with strong upward movement indicating a continuation of the bullish trend.

Keep an eye on key support levels and potential pullbacks, as this bias could persist heading into the coming weeks.

Blue ATR is monthly
Purple ATR IS weekly

9 Sep

Trade aktif

Bulls dominated the charts today! it will be interesting to see how DXY reacts near these higher timeframe market structure - resistance - levels after opening the week with an immediate run to swing highs.

stay tuned for updates :)

11 Sep

Trade aktif

CPI and Crude Inventories data dropped today and BOTH numbers came out better than expected. the data is still supporting this bullish DXY outlook

price action today failed to make new lows and immediately traded back to swing highs. if the bullish momentum remains strong for the week, I would expect a push into the 102.4 area we originally fell away from

13 Sep

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updated charts out soon, stay tuned!