Crestview-fx

What can you achieve with consistent 3R 😮

Think about it 💎

I’m currently analyzing three pivotal factors to forecast the directional movement of # # in the upcoming week. Firstly, observing the bond yields depicted in the initial image reveals a noticeable trend towards the sell-side across the 5-year, 10-year, and 30-year yields. I anticipate a continued downward momentum from these indicators. Despite their sluggish movement this week, my inclination remains towards expecting further sell-side movements.

Secondly, the COT (Commitment of Traders) data for DXY is showcased in the second image. This data highlights that significant market players, recognized as the commercials, are persistently accumulating short positions.

The third image illustrates the DXY chart 📊, displaying two prominent lows at 103.17 and 102.93. I foresee the price gravitating towards these levels in the upcoming week.

In summary, my analysis leans bearishly on the dollar this coming week💵."