DXY - 28Feb2022
DXY - 28Feb2022
On the weekly, last week price action closed above previous week green candle. We could expect DXY to strengthen as market participants rotate into safe-asset while geo-political conflict intensifies.
On the H4, price has pulled back to near 50% Fib support and previous breakout zone. This is in-line with Wave 3-(3) to push up higher. If price action closes below 96.145, this wave count will become invalid.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the weekly, last week price action closed above previous week green candle. We could expect DXY to strengthen as market participants rotate into safe-asset while geo-political conflict intensifies.
On the H4, price has pulled back to near 50% Fib support and previous breakout zone. This is in-line with Wave 3-(3) to push up higher. If price action closes below 96.145, this wave count will become invalid.
This is for personal record purposes only, not financial advise or solicitation of trade.
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