rubenreallytrades

DXY uptrend continuation for Oct 29th-Nov 2nd

Long
TVC:DXY   US-Dollar Währungsindex

Seeing the continuation and support of this recent uptrend one thing I am looking for in the begging half of this new week (10/29-11/2) is a retracement towards the key level of 96.00, even possibly going as low as 95.50 to find its support before moving back up. With this being the first week of the month (NFP is on 11/2) there is going to to be very high volatility with the DXY so Thursday and Friday I would like to see the push to the upside going towards 97. Taking a look at the RSI we can see the indicator went from heading to the overbought zone back to the 50 while price has continued to increase so I'm expecting the see the indicator value head back towards 70 before the huge sell off ( after price hits around 97).
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