Loii
Short

perfect bear channel

TVC:DXY   US DOLLAR CURRENCY INDEX
274 12 9
perfect bear channel
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Sakakikunmakio
8 months ago
I think no celling right now... So probably continue to upwards... If the fed keep the rates they didn't unchanged 0.5% dollar shooting up then might broke at 95.xx...
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Loii Sakakikunmakio
8 months ago
usd/dxy will only shoot up if fed raise rates not if they leave it unchanged. not sure how you justify a bull if rate is left unchanged?
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Loii Loii
8 months ago
there is no way there will be any rate hike with such low nfp. u have to wait till july for the next nfp to see where rates might be going.
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Sakakikunmakio
8 months ago
Check previous decision rate... After release price action immediately shooting up...
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Loii Sakakikunmakio
8 months ago
on april 28th dxy dropped after rate announcement and bottomed on may the 3rd. not sure what chart you're looking at bro.
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Loii Loii
8 months ago
not much correlation if rate is on hold, its usually just market sentiment and technicals. however if there is a rate raise or drop then there will be definitive moves on dxy.
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Sakakikunmakio
8 months ago
Coz previous many bad data after fomc 28 April... So didn't supported to uptrend
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Loii Sakakikunmakio
8 months ago
dude nfp and other data has no correlation, i seen nfp give positive and negative effects on dxy. if u trade long enough u should know this! i been trading for 10 years. good nfp does not necessary move dxy up. its purely based on market sentiment.
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CFDTradingo PRO
8 months ago
Raising rates isn't the only thing that drives DXY up. Risk off theme is also very powerful and that has been driving it up over the last few days.
snapshot
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CFDTradingo PRO CFDTradingo
8 months ago
http://money.cnn.com/data/fear-and-greed/ !!
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Loii CFDTradingo
8 months ago
that looks like a bearish channel for and and we already bounced of the top.
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Sakakikunmakio
8 months ago
Y DXY KEEP RISING SIRS??? LOL
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