DXY │ DOLLAR INDEX │ 26 -30 August 2024

23 ส.ค.

- Daily timeframe [long term timeframe]
At the time of recording this, the last break of structure is at the low [102.160]. Leaving behind the supply responsible for that break of structure. [I will update the analysis on Sunday if needs be]
• Bearish bias


- Four-hour timeframe [medium term timeframe]
The last break of structure is at 100.923, showing an alignment of the four-hour timeframe structure with the daily timeframe. We wait to see if the supply that caused the break of structure will hold.
• Bearish bias


- 15-minute timeframe [short term timeframe]
I do not comment much on the lower timeframe when it comes to DXY so I will just attach the chart, although the 15m is bearish as well
• Bearish bias


How do I come to a bias conclusion?
I look at the swing structure; if it is bearish, I conclude a bearish bias [vice versa]

©Austin Palmer for FONOS Fx, 2024.