DXY Analyze (Middle term)

7 нояб. 2022 г.

The US dollar experienced his worst day since 2016. The first, rumor of Covid's policy change in China, and the second, US employment statistics, caused heavy dollar loss. The first case was denied, and the second case, according to Mr. Powell and Federal Reserve, even if US employment is in trouble, they do not change their policies unless inflation returns to 2%. In terms of technical the daily trend line and the 109,500 pivot is the most important area of the dollar, which can be thought that in these areas faced a high demand. This analysis is not recommendation or trading signal.