rTrader_official

rTrader_official

Fundamental analysis: As you can see CPI and Core CPI news were positive, next inflation for USA must be around 8.60% for next month, I think Feds has another rising interest rates 50bps or 75bps: 3.75% or 4% on 2Novemeber, demand for USD will be more on the market and this can effect all opposite assets continue the bearish movements: most of the economic...

rTrader_official

DXY after a bullish correction must continue the bearish movements for now, Therefore BOJ still didn't rise interest rates and still have negative interest rates but they did intervention almost 20$ billion to support Yen in the market, I think we must seen JPY strong in this week than before, Maybe we can seen more intervention for Yen support in future by...

rTrader_official

Yen may strengthen again in this week with the intervention of the Central Bank of Japan in the forex market, but do not forget BOC didn't rise interest rates and current currency can react with every movement by DXY

rTrader_official

as Feds set their target interest rates to 3.25% market is still completely bearish

rTrader_official

as Feds set their target interest rates to 3.25% market is still completely bearish

rTrader_official

as Feds set their target interest rates to 3.25% market is still completely bearish

rTrader_official

as we know most of the Delta indicators are negative by even high interest rates, USA couldn't stop inflation in this month, if they add 100bps interest days(3.25%), DXY continue the bullish trend and if lower than 100bps DXY can have a correction and be bearish to 104, don't forget USD is almost overbought and price can have reaction to be bearish again

rTrader_official

fear for Buyers will be more!!! USD is almost overbought by volume and as we can see 110 is a huge supply area, if price consolidate in this area for a while seller can be more than before, I think Feds move carefully on this month and add 75bps for next interest rates, but if you look at Delta indicators Most of them did not match what was expected,(Prelim UoM...

rTrader_official

as you can see USD for buying is overbought, I think 75bps won't help to be bullish again for USD in this month, DXY have a correction and opposite assets will be bullish for a while, USDCAD will be bearish for a while please comment your idea

rTrader_official

as you can see USD for buying is overbought, I think 75bps won't help to be bullish again for USD in this month, DXY have a correction and opposite assets will be bullish for a while, USDCHF will be bearish for a while please comment your idea

rTrader_official

as you can see USD for buying is overbought, I think 75bps won't help to be bullish again for USD in this month, DXY have a correction and opposite assets will be bullish for a while, EUR/JPY will be bearish for a while please comment your idea

rTrader_official

as you can see USD for buying is overbought, I think 75bps won't help to be bullish again for USD in this month, DXY have a correction and opposite assets will be bullish for a while, USDJPY will be bearish for a while please comment your idea

rTrader_official

as you can see USD for buying is overbought, I think 75bps won't help to be bullish again for USD in this month, DXY have a correction and opposite assets will be bullish for a while, GBPUSD will be bullish for a while please comment your idea

rTrader_official

as you can see USD for buying is overbought, I think 75bps won't help to be bullish again for USD in this month, DXY have a correction and opposite assets will be bullish for a while

rTrader_official

GBPUSD touched the strong pivot 1.14 and correction will continue

rTrader_official

USDJPY can have small correction before bullish trend continue

rTrader_official

Europe rose interest rates to 1.25% but it's not enough to prevent the high inflation, I think EUR/USD with a small correction to 1.03 then the bearish trend will continue

rTrader_official

as you can see DXY have runaway gap, price will fill the gap very soon but after that I think with sell pressure for USD, DXY will continue the correction before next interest rates Please let me know, what do you think about next DXY movement before next interest rates?