DXY - Support and Resistance - Reversal?

22 thg 5, 2021

DXY is bouncing off weekly Tom DeMark support.

Possible reversal pattern with with all of the buy and sell zones with support and resistance lines.

11 thg 6, 2021

Ghi chú

Weekly support still intact.

Rallying off the weekly TD9 Buy.

CPI data is in and inflation numbers are higher than expected. The market has priced in continued QE. Soaring inflation leads to tapering. Tapering leads to equities crash.

FOMC meeting- June 15-16. A hint of tapering will likely cause volatility.

federalreserve.gov/monetarypolicy/fomccalendars.htm

Using caution in the coming week may be prudent.

16 thg 6, 2021

Ghi chú

New weekly sell zone and resistance based on TD9 weekly candle.

18 thg 6, 2021

Ghi chú

Already at the weekly resistance line.

The next red line up at 93.07 is a daily double resistance line.

RSI shows overbought and weekly resistance line is still intact. ... Some pulling back should come.

19 thg 8, 2021

Ghi chú

Daily double resistance line broken and cleared.