DXY – Within Ascending Triangle

Bryce YoungUncategorized

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.

DXY – Failed to Break 95

Bryce YoungUncategorized

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.

DXY – Same Situation – More Heat

Bryce YoungUncategorized

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.