Fundamental analysis:
The United States federal government is taking steps to secure the stability of the inflation rate by agreeing to raise interest rates in response to the decrease in inflation observed in recent months. This has led to a substantial increase in the growth index of non-agricultural employment, which bodes well for the growth of the country's GDP. However, the high inflation levels and the impact of climate change in the USA may result in a predicted increase in unemployment. To maintain a positive investment climate and attract both domestic and foreign investors, it is crucial to increase GDP and consumer prices in the coming months. These developments create a favorable opportunity for the US dollar to gain increased demand.
Technical analysis:
As we observe the price action of DXY, it has once again returned to the range zone accumulation area. This signals a potential period of consolidation before the price may begin to exhibit more bullish signals and trend upwards.
Considering the current market conditions, it is likely that DXY may continue to range in this accumulation zone for some time before any significant movements occur. However, once the price starts to show more bullish signals, it may be a good opportunity to enter a long position.
Based on the current market analysis, I suggest setting a target price of 102.700
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The United States federal government is taking steps to secure the stability of the inflation rate by agreeing to raise interest rates in response to the decrease in inflation observed in recent months. This has led to a substantial increase in the growth index of non-agricultural employment, which bodes well for the growth of the country's GDP. However, the high inflation levels and the impact of climate change in the USA may result in a predicted increase in unemployment. To maintain a positive investment climate and attract both domestic and foreign investors, it is crucial to increase GDP and consumer prices in the coming months. These developments create a favorable opportunity for the US dollar to gain increased demand.
Technical analysis:
As we observe the price action of DXY, it has once again returned to the range zone accumulation area. This signals a potential period of consolidation before the price may begin to exhibit more bullish signals and trend upwards.
Considering the current market conditions, it is likely that DXY may continue to range in this accumulation zone for some time before any significant movements occur. However, once the price starts to show more bullish signals, it may be a good opportunity to enter a long position.
Based on the current market analysis, I suggest setting a target price of 102.700
"Don't forget to like"
.
.
.
.
.
.
"Thanks for giving your time to read my article."
