DXY ANALYSIS - The Dollar's Delicate Balance
The US Dollar Index (DXY) is a measure of the value of the US dollar against a basket of currencies. It is a popular tool for traders and investors who want to track the strength of the US dollar and its impact on the global economy.
Technical Analysis
The DXY chart is currently in a bullish trend. The price has been rising since the beginning of the month and has broken above the 50-day moving average. The RSI is also in bullish territory, and the MACD is crossing above the signal line.
The next resistance level for the DXY is the 100-day moving average. If the price can break above this level, it could continue to rise towards the 105 level. However, if the price fails to break above the 100-day moving average, it could pull back to the 50-day moving average.
Fundamental Analysis
The US dollar is currently being supported by a number of factors, including rising interest rates in the United States and the ongoing war in Ukraine. The Federal Reserve is expected to continue raising interest rates in the coming months, which will make the US dollar a more attractive investment. The war in Ukraine is also weighing on the euro, which is making the US dollar more competitive.
Conclusion
The technical and fundamental analysis suggests that the DXY is in a bullish trend LONG TERM. However, there are some risks to this view on a 30m chart, such as a failure to break a
Overall, the DXY is a market to watch in the coming weeks and months.
I hope this post is helpful.
This analysis represents my thoughts at the date it is posted.
This analysis does not represent professional and/or financial advice.
You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content found on this profile before making any decisions based on such information.
Technical Analysis
The DXY chart is currently in a bullish trend. The price has been rising since the beginning of the month and has broken above the 50-day moving average. The RSI is also in bullish territory, and the MACD is crossing above the signal line.
The next resistance level for the DXY is the 100-day moving average. If the price can break above this level, it could continue to rise towards the 105 level. However, if the price fails to break above the 100-day moving average, it could pull back to the 50-day moving average.
Fundamental Analysis
The US dollar is currently being supported by a number of factors, including rising interest rates in the United States and the ongoing war in Ukraine. The Federal Reserve is expected to continue raising interest rates in the coming months, which will make the US dollar a more attractive investment. The war in Ukraine is also weighing on the euro, which is making the US dollar more competitive.
Conclusion
The technical and fundamental analysis suggests that the DXY is in a bullish trend LONG TERM. However, there are some risks to this view on a 30m chart, such as a failure to break a
Overall, the DXY is a market to watch in the coming weeks and months.
I hope this post is helpful.
This analysis represents my thoughts at the date it is posted.
This analysis does not represent professional and/or financial advice.
You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content found on this profile before making any decisions based on such information.
I hope this was helpful.
This analysis represents my thoughts at the date it is posted.
This analysis does not represent professional and/or financial advice.
Trade wisely!
ymagnify.com/
This analysis represents my thoughts at the date it is posted.
This analysis does not represent professional and/or financial advice.
Trade wisely!
ymagnify.com/
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