From the daily perspective, downtrend is definitely weakening with higher low formed.
Some highlights are as below:
1. The power transfer in the US was in peace which removed the political uncertainty factor. That benefit dollar in my opinion.
2. CNH has been up too much against the greenback for the past year and Chinese government may not prefer. That hurt the export business.
3. Refer to my technical analysis in the chart.
This is in line with my view regarding DXY below. The two ideas are confluence with each other.
Some highlights are as below:
1. The power transfer in the US was in peace which removed the political uncertainty factor. That benefit dollar in my opinion.
2. CNH has been up too much against the greenback for the past year and Chinese government may not prefer. That hurt the export business.
3. Refer to my technical analysis in the chart.
This is in line with my view regarding DXY below. The two ideas are confluence with each other.
Nota
Now, it's coming to the higher low zone which is key from my perspective. Pay close attention to how price respond to it.
Nota
Now, price is sideways between a relatively tight range.
Nota
Downtrend momentum strengthened given the control low being violated.
plan your trade and trade your plan
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plan your trade and trade your plan
Penerbitan berkaitan
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.