DXY is testing its 4H trendline. Its upward structure is still intact.
DXY still has its uptrend intact, however the rejection at 95 is strong. UJ and DXY are both at critical decision points. We’ll find out tonight, most likely, which direction they’re headed.
What Does ‘Quality’ Really Mean in Content Marketing?
How to Advertise in Facebook Marketplace: What Marketers Need to Know
DXY tested our 95 – 95.5 Resistance zone and rejected it. I interpret this as an indication of weak bulls. We’re coming closer to the end of the ascending triangle pattern, so this consolidation shouldn’t last another week. I expect a breakout this coming week or next.
Not much has changed since yesterday, but we got a higher high on the H4 chart. DXY still consolidated overall, but I’m looking for some bullish setups on UJ based on DXY’s current momentum.
DXY is fighting 95 once again. Things really could go either way at this point. The markets are waiting for Powell & his first appearance before Senate Banking Committee. I suspect this event will give us a jump out of this congestion.