The DXY ( Dollar Index ) has broken the email@example.com.. This was broken and now becomes resistance for DXY .
A further support for DXY will be occurred in the next days(before 08/05/2015) to reach the support 2 level @92.57.
On 08/05/2015 there will NFP be released and a strong for DXY and other major currencies might be given, whereat the index for DXY will move around/between Gan_Fan_1firstname.lastname@example.org.. and stay there for a while until the questions of rate hike be cleared by Fed.
According to our set 200 and 50 we see that DXY left now its upward trend and moves between EMA50 and 200 to be flat. A touch to the level of 200 can be happened for the markets to decide, whether DXY will go to downward trend or not. This aspect can be combined to the upcoming events from USA economy situations and the decision of Fed about hiking rate.
On the other hand other major currencies in relation to the greenback have been under pressure for a quite long time and now should it be time to come up.
Regarding to all those aspects, we are the opinion that for a short term the DXY will be downward.
Read our blogs at: