DXY - Shift in Momentum!

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DXY rejected the blue demand area, 89.5-90.0 and we can clearly see that the buyers are finally gaining strength.

DXY was overall bearish making lower lows and lower highs (in orange), found rejection around the blue demand, and then the buyers broke above the previous high which significate a potential shift in momentum from bearish to bullish. (as shown by the purple projection - semi-circle)

So the buyers took control, and the bullish trend started after DXY made a higher high and a higher low (in green).

As per my trading style/plan, Since DXY is overall bullish, we are expecting another higher low and higher high. So we will be looking for buy setups on lower timeframes on the retest now to catch the next impulse.

The bulls are in control unless of course, the bears manage to break below the previous low and blue zone again.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich