LParnell

DXY Daily Continuous Chart

Long
TVC:DXY   U.S. Dollar Index
Trading Journal

DXY Daily Continuous Chart

I suspected last week price would take out the old highs, reaching for the weekly BISI from Nov 22. my long term sentiment price range 108.00

I note Market Manipulation at 830 NY, giving us dramatic price action on Friday for the finish.

Taking out old sell stops, a noted equal lows, creating a new weekly low.

There was a gap in price created on Monday. My chart is busy, so I will note it later, to watch that area.

I suspect that we could see consolidation trend this week, before price desiring to deliver to the equilibrium for the weeks projection. I note that range of 105.770 to 106.00.

Because price is delivering to a discount I think it will seek higher prices.

WAR is a factor.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.