DXY Price Recap

8월 15일

Weekly: DXY recently sold off from a key supply area around 106.132 and 106.055. DXY is now sitting at a key demand area following a 7 week drop. This week is the second week that DXY has printed a bullish pinbar at the demand area. The current week is also accompanied by a jeanius buy signal. This buy signal may be hinting at a nice size move to the upside from here on the DXY.

Additional confluences:

Weekly:
- Oversold RSI
- 200ema bounce
- 3rd touch of uptrend line within large pennant
Daily:
-Double bottom w/ morning star
-Jeanius buy signal on morning star
-RSI bouncing from oversold
-Sellers weakening on MACD
-Bullish Divergence on the RSI

Cautions:

Price Action:

- Trend is still down on the lower time frames. Currently consolidating at the current support/ demand area. Wait for the trend change on lower time frames. Watch for those same trend changes on the lower time frames of all currencies paired with the DXY in their respective direction.

Economic Calendar:

- FOMC Minutes (8/21)
- Durable Goods MoM (8/26)
- GDP growth QoQ 8/29
- Core PCE MoM (8/30)
- Personal Income MoM (8/30)