Weekly Forecast - Bullish Dominance On DXY Until Further Notice
DXY: We're looking at the weekly range for HTF perspective and it's painting a clear picture. Price is hovering just below 1W equilibrium and so highly probable that we will mitigate this level. I've scrapped the 1D fib ranges as these were arguably a bit too subjective given I could project the retracement from multiple levels. 4H is still bullish and until price begins indicating otherwise I'll be looking for continuation higher on the dollar. This positions me as bullish dollar pairs and bearish dollar cross pairs but upon a closer look, not all pairs are that black and white.
My bias on the respective pairs for the week is as follows:
DXY - LONG
EURUSD - SHORT
AUDUSD - NEUTRAL
GBPJPY - LONG
USDJPY - LONG
As always, will provide a daily update as the market develops.
My bias on the respective pairs for the week is as follows:
DXY - LONG
EURUSD - SHORT
AUDUSD - NEUTRAL
GBPJPY - LONG
USDJPY - LONG
As always, will provide a daily update as the market develops.
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