DXY with a brief consolidation. What is next?
We witnessed DXY tap the weekly Volume Gap it had towards the downside. and immediately spring up with an internal market structure shift.
is it enough?
Price is consolidating here in this area and tho it might seem that further downside is in play we must tread carefully since there are looming wars and conflicts around the world.
what does this mean for DXY?
The US Dollar being the current International currency in times of turmoil, most flock towards its perceived safety.
Do not be surprised if out of nowhere Dollar springs up.
Just keep a close eye since this will affect currency pairs and equities alike.
is it enough?
Price is consolidating here in this area and tho it might seem that further downside is in play we must tread carefully since there are looming wars and conflicts around the world.
what does this mean for DXY?
The US Dollar being the current International currency in times of turmoil, most flock towards its perceived safety.
Do not be surprised if out of nowhere Dollar springs up.
Just keep a close eye since this will affect currency pairs and equities alike.
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