DXY Analysis

17 May 2020

DXY

1-Hour Chart:


On the 1-hour chart we can see price has been moving up pretty correctively to the upside. At this point, we really need to see what price does when it reaches the top of this pattern. 

The more likely scenario is for it to continue moving to the down side, but of course, it could break out and move higher. 

For either of these options, we first need price to reach or break this level and then form a correction afterwards.

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