Ajish_A

DXY Update 20/03/19

TVC:DXY   U.S. Dollar Currency Index
Subsequent to the previous DXY idea posted, and having done further technical analysis it's clear the average pip movement for DXY since circa start of January 2019 for each wave of bullish / bearish runs amounts to 170... now given that DXY has been on a bearish run as of past couple weeks this could potentially continue to either one of two areas after a possible consolidation between FIB levels at 0.5 and 0.618, before expecting to see a reversal to the upside (at which point would see USD pairs strengthen)...

Area 1: 96.28 region where a well respected 4hr TL exists
Area 2: 96.00 - psychological level/zone/0.382 FIB/daily TL

Lets see how it plays out....

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