DXY outlook
After a year of sitting in a narrow range will the $ finally break out & in which direction?
With "not qe" QE reentering the scene, potentially more rate cuts & Trump continuing calls for a weaker dollar, the downside is looking more likely.
Looking at targets on the daily:
Topside target
~98.5 - Top slope on long-term pitchfork & median line on short-term. A break through here and the 2019 highs come into focus, beyond that only the gap (@~100) is in my focus as of now.
With "not qe" QE reentering the scene, potentially more rate cuts & Trump continuing calls for a weaker dollar, the downside is looking more likely.
Looking at targets on the daily:
- ~95.17 - Confluence of 2 pitchforks, 50% pitchfork on longer-term & lower slope on shorter-term. Also key horizontal area, being a pivot back in 2017, 2018 & catching 2019 lows
- ~91.51 - Median line on longer-term pitchfork & trend line
Topside target
~98.5 - Top slope on long-term pitchfork & median line on short-term. A break through here and the 2019 highs come into focus, beyond that only the gap (@~100) is in my focus as of now.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.