Hello to all,
DXY came to a demand zone i think.
Thus we could wait a bullish impulse from this zone. The price is moving between 78.6 and 88.6 of fibonacci levels.
May be it want to test the 88.6 level at least but in every situation i'm waiting the bullish move to 92.50.
At the same time i see a bullish divergence on RSI. Price is making lower low bottoms but the oscillator is not.
After any candle close above the 90.80 the bullish move will be faster. We could follow this breakout with lower timeframes next week.
Have a good weekend all. If you find this analysis useful, please support this idea with LIKE and writing a COMMENT.
DXY came to a demand zone i think.
Thus we could wait a bullish impulse from this zone. The price is moving between 78.6 and 88.6 of fibonacci levels.
May be it want to test the 88.6 level at least but in every situation i'm waiting the bullish move to 92.50.
At the same time i see a bullish divergence on RSI. Price is making lower low bottoms but the oscillator is not.
After any candle close above the 90.80 the bullish move will be faster. We could follow this breakout with lower timeframes next week.
Have a good weekend all. If you find this analysis useful, please support this idea with LIKE and writing a COMMENT.