$DXY - IMPORTANT NOTE -
Added 2024-01-20 22:03:31 +0000 UTCDollar index bounce here looks like it has a hit a major barrier at the 200 Day MA and the 0.5 Fib level.
We can also see that the 50 Day MA has passed down through the 200 Day MA which is a bearish indication which may have contributed to the bullish end to the week.
A full rejection here and the Dollar could drop next and further rally the market...
This has been a very well behaved chart over the last 2 years for us so we respect its movements.
We can see in October too that the price action rejected at the larger 0.5 Fib too and the market went on a very aggressive rally.....this is very interesting now.
Comments
How do you count the move up from 115 to 100? If that is 5 waves down then think we may have more room up .
Gagan Singh
2024-01-20 22:42:56 +0000 UTCWow Thank you !
M
2024-01-20 22:07:02 +0000 UTC
