DXY (Dollar index) Daily: 21/01/2023: Bull or Bear?

Well, as you can see now I believe in a bear market.

Bear scenario: Now we have a market consolidation that results in the accumulation of liquidity on both sides of this area. in addition, we have daily resistance that you can see on the chart that can push the price down.

Bull scenario: The primary basis of this idea is that the weekly Demand zone can play a crucial role in changing the market way and the price move higher for collecting the liquidity above equal high and filling the fair value gap.


💡Wait for the update!
🗓️21/01/2023
🔎 DYOR

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Comment:

Still valid