BombayBulls

US Dollar Index Outlook

INDEX:DXY   U.S. Dollar Index
30 0 1
US Dollar Index             is going to consolidate between 96.50 and 99.50 during next few days. That gives us an indication of choppy trading condition ahead. We will be looking to fade any sharp moves between these levels. Reasons are, Fed is still looking to hike the rates which gives bid to any drop in dollar and dollar has covered too much ground too quickly, which is going to give a second though to dollar bulls at extreme height until Fed stops being equivocal. Euro             is the perfect candidate to trade this bias.

Related Ideas

Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out