The U.S. Dollar Index (DXY) is at the moment on a short-term rebound, following the higher than expected U.S. CPI, which is a indicator of inflation, critical to the Fed's Rate policy. Technically the price is pressured by the 1D MA50 (blue trend-line) as a short-term Resistance and at the same time supported by the 1D MA100 (green trend-line). Short-term traders should trade the break-out that prevails and closes the day: i.e. above the 1D MA50 = bullish targeting the 97.450 Resistance, below the 1D MA100 = bearish targeting the 1D MA200 (orange trend-line).
On the more medium-term, we can see two Channel patterns. The dominant one, the green Channel Up, which is leading the price since late September but if the 1D MA100 breaks, a Channel Down may emerge. That will have the 1D MA200 on its Lower Lows trend-line close to the end of the month. The strongest case for the Channel Down prevailing is made by the 1W MACD which has formed already two Bearish Crosses.
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On the more medium-term, we can see two Channel patterns. The dominant one, the green Channel Up, which is leading the price since late September but if the 1D MA100 breaks, a Channel Down may emerge. That will have the 1D MA200 on its Lower Lows trend-line close to the end of the month. The strongest case for the Channel Down prevailing is made by the 1W MACD which has formed already two Bearish Crosses.
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
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I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.