Sforex

USDollar: Market punishes greenback post FOMC Minutes.

INDEX:DXY   U.S. Dollar Index
87 0 3
I am not surprised about great falling of USDollar             recent days.

Market punished greenback after dissappointed Meeting, I foresaw this when I post this article:



In my opinion, I think most investors have had wrong judgement about the Meeting : The rate hike decision is on table: It's still possible in this year.

However, we cann't stop the profit taking and risk aversion.

In the long term, I still put my faith in USDollar             , and investors around the world is retreating from EM markets and bring Dollar back to mainland.

At least, for the being time, the correction should favor but is limited.

- Technical Analysis

Look at on the chart, DXY             moved below SMA100, SMA50, EMA50, and Kumo cloud.

It is on the way to SMA200 : very strong support.

I don't believe DXY             could break SMA200 : the test around SMA200 is a chance to BUY DOllar at lower level.
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out