DXY - ð or ðŧ?
āļāļĩāđāļāļąāļāđāļāļ:
DXY - Bulls or Bears?
As we head into start of May month, end of month flows - rebalancing is in full action.
Technical wise: bulls are gain control if we can stay above 91.050 area (5OEMA) the bulls are in control of this market and anywhere above 200 EMA we will be heading towards the 1.618 area.
Pattern: Wedge - Perhaps a re-test of wedge coming soon.
Seasonality: Usually a bullish month for DXY
Trade Journal
As we head into start of May month, end of month flows - rebalancing is in full action.
Technical wise: bulls are gain control if we can stay above 91.050 area (5OEMA) the bulls are in control of this market and anywhere above 200 EMA we will be heading towards the 1.618 area.
Pattern: Wedge - Perhaps a re-test of wedge coming soon.
Seasonality: Usually a bullish month for DXY
Trade Journal
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ
90.70 areas interesting support - Will it be able to hold?!āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ
Beautiful bounce!āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ
91.50 if we go over - bulls are in further control!!āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ
Bulls failed - 91.10 re-test of that area will be interesting!
āļāļģāļāļģāļāļąāļāļŠāļīāļāļāļīāđāļāļ§āļēāļĄāļĢāļąāļāļāļīāļāļāļāļ
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