What we know:
- The DXY is in a corrective structure from the highs in September.
- The 1974 High's were tested as Support with a weak bounce.
- Next Support would be the multi-decade median ~108.00
*The DXY may continue it's strength to 117-120 with any unexpected rate hikes or political catalyst.
*Otherwise, should hikes be .75bps expecting markets to react rather bullish for risk with an early volatile week but a lower high being formed ~112 before further correction downwards to 108.
**Earnings release this week could affect investor sentiment, pay attention.
- The DXY is in a corrective structure from the highs in September.
- The 1974 High's were tested as Support with a weak bounce.
- Next Support would be the multi-decade median ~108.00
*The DXY may continue it's strength to 117-120 with any unexpected rate hikes or political catalyst.
*Otherwise, should hikes be .75bps expecting markets to react rather bullish for risk with an early volatile week but a lower high being formed ~112 before further correction downwards to 108.
**Earnings release this week could affect investor sentiment, pay attention.
History doesn’t repeat itself, but it does travel in cycles.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
History doesn’t repeat itself, but it does travel in cycles.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.