Sforex

USDollar: Hard to say about next move

INDEX:DXY   US DOLLAR CURRENCY INDEX
58 0 1
We just have one more trading day in this week.

Two main events driving financal market this week is:

- Greece debt
- China stock market.

The risk event dominated market through the week, and economic data seem mute.

Traders around the world sell EUR and BUY USD vs beta currencies while BUY Yen cause of safe haven currency.

However, nearly those two problem are solved.

- Greece PM Tsipras agree all proposals of creditors and I think a deal will pass before the deadline.

- After using strong intervention method, The China stock BEAR is tamed.

Next week, there is no major US data, so we lack of necessary Fundamental momentum to drive USDollar             , and this could lead a SELLOFF Dollar across the board.

- Technial Analysis

Look at on the chart, DXY             reject the Kumo cloud and the bearish trend line .

DXY             must struggle around this level to move higher, but seem it unsuccesses.

However, I still hope it could break the trend line to resume the LONG position of DXY             .
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out