Bullish sentiment on Gu and bearish on Dxy (based o prev . week). I can forecast the Dxy to continue lower coming into next week, I expect this because of its large bear weekly candle that took out September lows. Price action is showing a shift in structure on the hourly recently taking out intermediate lows. A continuation lower of the Dxy ultimately will promise a continuation higher of Gu which will trade up into its weekly fvg which has daily buy-side liquidity resting below it. We will see how price delivers itself Sunday & Monday to get a clearer sentiment as we are just coming off a Friday rally.
Dxy has a monthly range ranging from 89.209 - 114.778 with an equilibrium @ 101.994
Current price is @ 106.416 & this upcoming week could offer us further distribution to equilibrium.
Gbpusd has been short term bullish since October. Price broke LHs in the beginning of October & last week price broke its 20 day high (IPDA)
Dxy has a monthly range ranging from 89.209 - 114.778 with an equilibrium @ 101.994
Current price is @ 106.416 & this upcoming week could offer us further distribution to equilibrium.
Gbpusd has been short term bullish since October. Price broke LHs in the beginning of October & last week price broke its 20 day high (IPDA)