alex.a

DXY pullback? Then how deep ~

INDEX:DXY   U.S. Dollar Index
25 1 1
DXY             pullback? Then how deep ~
alex.a
2 years ago
In order for deeper pullback, there should be some clear reason for it which means suddenly people dumping the USD. They won't buy it until the price will be significantly down. Why? Sudden death of crazy buyer would be disappeared from the market? WHY? just not better than expected NFP? In my humble opinion I see, the possibility 1) gap up to start the week who thinks this price of dollar is too cheap but responder of NFP in Asian Market and European Market will be a bit lukewarm, about 20-30 pips up for EUR, AUD, GBP against USD. And then resume to go upside.
Of course, NFP data was less than expected but it isn't that bad to alter the course of this big trend even with the big pullback. Time will tell ~
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out