Michael_Macdonald-XATSUK

Corrective USD DXY gains to remain limited

TVC:DXY   U.S. Dollar Currency Index
The USD DXY             Index remains in the dominant bear trend from early January, but there are signs of short-term stabilisation appearing as daily studies unwind oversold areas.
A corrective bounce is possible, but any push above congestion around 101.00 is expected to find difficulty reaching the 101.73 high of 19 January, as weekly readings continue to dominate.

In the coming weeks, still further losses are looked for, with a break below the 99.12 break level targeting the 98.92, (61.8%) Fibonacci retracement of the November-January rally. Prices need to stabilise above here to keep the broad 2016 rally intact. A break, however, would turn sentiment cautious once again, and signal deeper reactions as investors reduce exposure.
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out