TipTVFinance

DXY - weak US retail sales could trigger a bearish break

TVC:DXY   U.S. Dollar Currency Index
At the moment, DXY             is trading above the smaller falling trend line . Prices hit a low of 91.92 earlier this month, before the recovery was set in motion. At 94.40, DXY             is well above 23.6% Fibo of 100.52-91.92 located at 93.95 levels.

US retail sales likely to rebound

Following last friday's upbeat wage growth figures release, expectations of a sharper rebound in advance retail sales gathered traction.

consequently, dollar is on the rise. However, a weaker rebound in retail sales could trigger a drop below daily low of 94.12. That would also mean a failure to sustain above falling trendline and would open doors for a fall back to 93.68-93.00 levels.

A daily close today above 94.36 would indicate short-term bearish invalidation.

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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