2 Situation here from pitchfork technical analysis
The dollar was higher across the board as Fed Chairman Powell stayed in line with existing stance regarding monetary policy, but somewhat hawkish tone firmed the greenback, which lacked spark for stronger rally, expected on more hawkish tone from the testimony. However, dollar’s recovery attempts may run out of steam as Powell did not provide any signal of more significant steers in the US monetary policy, regarding increasing pace of tightening in 2018.
1. Pullback from Median Line to Lower Line signal a weakening momentum.
2. Price break Median Line would generate stronger bullish signal.
The dollar was higher across the board as Fed Chairman Powell stayed in line with existing stance regarding monetary policy, but somewhat hawkish tone firmed the greenback, which lacked spark for stronger rally, expected on more hawkish tone from the testimony. However, dollar’s recovery attempts may run out of steam as Powell did not provide any signal of more significant steers in the US monetary policy, regarding increasing pace of tightening in 2018.
1. Pullback from Median Line to Lower Line signal a weakening momentum.
2. Price break Median Line would generate stronger bullish signal.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.