DXY 5.16.23 Analysis

16 thg 5, 2023

I can see from the daily timeframe the DXY is overall short term bullish. I believe we are retracing back to the weekly FVG which is also in a premium pricing from the weekly prospective. I believe price will return to the 1H bullish breaker annotated on this chart to attack HTF buyside and eventually run into the weekly FVG. I am bullish and only considering buys on USDJPY and USDCHF and only entering shorts on GBPUSD and EURUSD.