louisying1
Short

US Dollar Index - Long-term perspective

TVC:DXY   US-Dollar Währungsindex
119 0 6
Index: US Dollar Index            
Frequency: Weekly
Predicted Direction:

Short on short-term perspective
Fundamental Analysis
1. Geopolitical risk between US and DPRK is getting more serious after the launch of missiles
2. Lets see how Trump reacting to the threaten from DPRK. I personally think that this geopolitical risk will last longer than before.
3. US can't get Tax Reform done in the short term
4. Trump was deliberately trying to weaken the dollar for his economic plan
5. More solid fundamentals news are required to boost the dollar i.e. June NFPs so be attention of Sep NFPs

Technical Analysis
1. DXY             broke the weekly 200MA
2. Hit the first 38.2% fib level at 92.29 and is now testing the fib supporting zone (92.29 -91.45). Small correction is expected.
3. DXY             find support on second fib zone (89.76 - 88.69). Price would likely to rebound on this level.
4. Bullish Cypher Pattern form at 88.29. If this level breaks, then I rather believe there is no hope for US dollar index             on the following years.

---------------------------------------------------------------------------
Long Position if:
1. Placing a bet on long position if US is confirmed to have a plan to reduce its balance sheet on September. As I believe that the Fed would unlikely to raise interest rates on Sep so quantitative tightening would be the only way to correct the bearish momentum of dollar
2. RSI is currently hit the oversold zone since 2011. Waiting for stronger signal to enter the long position.

Kommentar:
DE Deutsch
EN English
EN English (UK)
EN English (IN)
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
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden