DXY is on its path to continue the upwards string since it broke out of its descending channel since 24th August, 2023. Price has continued its new ascending channel for the past 8 weeks.
Last week's fundamental on new unemployment claims strengthen the course of the dollar which is currently consolidating above the resistance trendline of the ascending...
After facing the resistance of 109, the dollar index began a corrective process, and of course, due to the re-increase of the interest rate and good statistics, it started to move upward again from the range of 104-105. It can again attack the range of 109. We will enter a new and more powerful upward phase, which will definitely affect the American economy.
DXY
- According to PRICE ACTION there is only one DOWNSIDE BIAS for DXY. However, NFP DATA is due to be released today.
- DXY 96.54 LEVEL can come to LONG TERM according to PRICE ACTIONS. You need JavaScript enabled to view it DXY SELL.
- NFP, UNEMPLOYMENT DATA, AVERAGE HOURLY EARNINGS DATA are very VOLATILE and can be MANIPULATIONS in DXY. Those who...
