DXY - Possible to reach 123
Comment :
1) In the rest of 2022, the FOMC has three (3) times to holds meeting on FED interest rate decision, on the date of 21st Sept, 2nd Nov & 14th Dec. It is expected that the FED would continue the tight monetary policy through increasing the interest rate to tackle inflation issue. A higher than expected rate is positive/bullish for the USD, while a lower than expected rate is negative/bearish for the USD.
2) TrendX+ - candlestick moving above green trend line, still mid-term uptrend.
3) DDX+ - fund candlestick is moving above zero-axis and green uptrend cross, indicating mid-term uptrend.
4) MCDX+ - strong, banker bar has increased to above 95% while retailers bar (turquoise) has vanished since the month of April, in which month DXY also BO Trendline A.
Support & Resistance :
R : USD123
DISCLAIMER:
Analysis above SOLELY for case study purpose, not a PROFESSIONAL ADVISE. This analysis does not provide any trading advise and buy or sell. Trade at your own risk. Trade only after you have acknowledged and accepted the risks involved.
1) In the rest of 2022, the FOMC has three (3) times to holds meeting on FED interest rate decision, on the date of 21st Sept, 2nd Nov & 14th Dec. It is expected that the FED would continue the tight monetary policy through increasing the interest rate to tackle inflation issue. A higher than expected rate is positive/bullish for the USD, while a lower than expected rate is negative/bearish for the USD.
2) TrendX+ - candlestick moving above green trend line, still mid-term uptrend.
3) DDX+ - fund candlestick is moving above zero-axis and green uptrend cross, indicating mid-term uptrend.
4) MCDX+ - strong, banker bar has increased to above 95% while retailers bar (turquoise) has vanished since the month of April, in which month DXY also BO Trendline A.
Support & Resistance :
R : USD123
DISCLAIMER:
Analysis above SOLELY for case study purpose, not a PROFESSIONAL ADVISE. This analysis does not provide any trading advise and buy or sell. Trade at your own risk. Trade only after you have acknowledged and accepted the risks involved.
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