U.S. Dollar Index (DXY)

U.S. Dollar Index Analysis

Let’s examine the DXY (U.S. Dollar Index) for various timeframes:

Weekly:

• Currently trading within a weekly breaker block.
• Weekly fair value gap is observed within the weekly breaker.
• Sellside liquidity is identified at 102.936, just above the weekly fair value gap.

Daily:

• A fair value gap is noted above the current price.
• Bearish orderflow is being respected.

H4:

• Bearish orderflow is being respected.
• Sellside liquidity is identified at 103.415.
• Relative equal highs at 104.557 are observed just below the daily fair value gap.

Overall Bias: Upon reviewing the DXY, it appears that there are potential scenarios for the upcoming week:

1. Continuing to trade lower towards the sellside liquidity and the weekly breaker/fair value gap.
2. Trading higher at the beginning of the week towards the daily fair value gap, considering the equal highs.

Wishing everyone a successful trading week ahead!