BULLISH:
Despite the recent encouraging economic data, such as the Empire State Manufacturing Index and optimistic retail sales forecasts, the dollar has gained momentum and broken out of its downtrend.
BEARS:
On the 5D timeframe, the analysis of the curve indicates that the US Dollar Index is currently experiencing a downtrend. It appears that the recent rise in the DXY may just be a temporary pullback, with a high probability of returning to the downtrend.
The DXY is approaching two levels of resistance, with the first one at 105.87 and the second one at 106.66. These levels could potentially lead to a rejection, causing the downtrend to continue.
Despite the recent encouraging economic data, such as the Empire State Manufacturing Index and optimistic retail sales forecasts, the dollar has gained momentum and broken out of its downtrend.
BEARS:
On the 5D timeframe, the analysis of the curve indicates that the US Dollar Index is currently experiencing a downtrend. It appears that the recent rise in the DXY may just be a temporary pullback, with a high probability of returning to the downtrend.
The DXY is approaching two levels of resistance, with the first one at 105.87 and the second one at 106.66. These levels could potentially lead to a rejection, causing the downtrend to continue.
Professor C. E. Ward
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
Professor C. E. Ward
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.