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JoeChampion
Mar 2, 2023 2:42 PM

DXY:A Temporary push to upsides as Yields rise Short

U.S. Dollar Currency IndexTVC

Description

Hey Traders, today we have noticed a temporary push to upsides as treasury Yields near 5%, but that will not be enough to push DXY above the major trend again as we see the price have rejected the retrace zone along with the double top. so we expect that USD will resume the downsides and remain indecisive until the release of CPI so the market will have a more clear idea on Fed next actions. if CPI numbers are high that won't make fed happy so we'll expect further rate hikes and more of USD strength.. in the opposite sense if CPI numbers come low we can expect more of a weak dollar and less restrictive monetary Policy.
Trade safe, Joe.

Comment

Sniper Entry!
Comments
RLinda
A potentially successful plan. Thanks for sharing)
JoeChampion
@RLinda, Cheers Linda!
Deni_Rustyana_75
Sweet Mate!
JoeChampion
@Deni_Rustyana_75, Cheers buddy!
Lingrid
Looks promising
JoeChampion
@Lingrid, Thank you Lingrid!
vf_investment
I appreciate your efforts mate!
JoeChampion
@vf_investment, Cheers buddy!
LegionQ8
great buddy, I think you are right
JoeChampion
@LegionQ8, Sweet!
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