The dollar edged lower in early European trading on Monday as traders remained cautious ahead of the release of key U.S. inflation data that could provide further clues about FBI policy. Future Federal Reserve System.
As of 3:20 a.m. ET (7:20 p.m. Japan time), the dollar index, which tracks the U.S. dollar against a basket of six other currencies, was down 0.1%...
The DXY index, also known as the USD index, is a measure of the strength of the U.S. dollar relative to six of the United States' major trading partners, including the euro (EUR), yen, and Japanese yen (JPY). ), British Pound (GBP), Canadian Dollar (CAD), Swedish Krona (SEK), Swiss Franc (CHF).
The USD Index is calculated from the exchange rates of 6 other...
Oil prices rose slightly in Asian trade on Wednesday, the first in five months, as traders priced in lower risk premiums from the Israel-Hamas war and focus now shifted to the Federal Reserve's interest rate decisions. I have recovered from the worst month of .
The market also had mixed data on U.S. oil inventories, showing that while overall inventories...
Gold prices rose above $2,000 amid rising geopolitical tensions in the Middle East and demand for safe-haven assets ahead of the Federal Open Market Committee (FOMC) meeting. However, the 10-year bond yield has reached 5.02%, the highest level since 2007, and remains high.
The increase in the US government's debt service rate strengthens the strength of the US...
DXY confirmed this week that its price has been bearish and is currently attempting to break through the reversal area. If the reversal line is successfully penetrated, it will confirm the bearish trend, although there is a possibility of a temporary bullish correction. The initial bearish target is 103.500
After Sunday and Monday's closure, the price seems to have stabilized. I have highlighted the area where the price remained. It would be wise to wait for the price to move out of the lower box region. If the price breaks through the bearish trend, there could be a chance of a reversal. However, if the price breaks through the bullish trend, the price will continue to rise.
Seeing the current Dxy structure, there is a downtrend channel in which there is also a triangle expanding pattern. Seeing patterns like this, the possibility is Dxy while the time will bullish up to the pattern that I describe on this chart.
DXY's journey since the last analysis is still in accordance with the roadmap, now there is a change in the character of the trend. there is a possibility of reversal. the price has broken the trendline resistance and formed a new high.
Currently the price is moving close to SnD and is still held by the trendline, there is a possibility of a retrace. when the...
the SnD area is responding positively for now, there are several shadow candles with quite long proportions. if the DXY movement is appropriate then the possibility is that the price for the beginning of next week will be bullish limited to the resistance area.
Hey Everyone, Strong USD is expected in coming weeks. meanwhile we are expecting price to be bearish during the upcoming days in the week.
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In this situation DXY chart Long tarm create bullish rectangle pattern.So, market
first buy correction @ 111:315 and 111:950 resistance level. Then sell to 109.400 support
zone. If breakout 113.080 resistance level, then market Buy UP to 115.250 resistance level.
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reliance on the...
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
