DXY | FED May Try To Decrease The Value Of The USD During FOMC
As we can see since Friday the price began the bullish movement after the U.S data.
However, considering that DXY already began the bearish movement this can be also, the retest of the top of the structure before the price moves down again.
Don't forget that inflation is at an all-time high and FED May Try To Decrease The Value Of The USD During the Wednesday's FOMC
Considering this we can have a potential double top pattern that can push the price lower again.
with respectful ,I'm disagree with your Idea, feds wanna increase 50bps to their interest rates, DXY will be skyrocket nonestop, my target is around 110, this is just start of bearish markets
@safikhan906, lol you didn't understand this market yet, most of the index movements are by fundamentals not technical, you must understand fundamental analyze to predict the future movement market
T-r-X
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They can try, but can't control the DXY.
USDOLLARISKING
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what crap analysis. stop fighting the fed. Cash is king. DXY to 1000.00 by 2030 or bust.
KlejdiCuni
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@USDOLLARISKING, FED is an old story already. Everyone knows that they will increase rates. Everone knows that they will support the economy. However I doubt that you have see the other FOMC meetings. They increased Interest Rates and USD depreciated. Am I wrong? So All i priced in advance. The only problem is that we need to wait and see when and If DXY will move down and how it will create the reversal. However, you can make your analysis on your own and you don't accept analysis like this.