USD INDEX (DXY)
Updated
Analysis Week - 22 Apr 2024
Daily - Range / Bullish
Cloud (D) - Above Cloud
Weekly - Range / Bullish
Cloud (W) - Within Cloud
Mid Term - Range
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Reaching a Target Area Soon, Be Patient
Daily - Range / Bullish
Cloud (D) - Above Cloud
Weekly - Range / Bullish
Cloud (W) - Within Cloud
Mid Term - Range
________________________________________________
Reaching a Target Area Soon, Be Patient
Note
Analysis Week - 6 May 2024Daily - Range / Bearish
Cloud (D) - Above Cloud
Weekly - Range / Bearish
Cloud (W) - Above Cloud
Mid Term - Range
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Apr/May Central Bank Meeting Update:
ECB - Neutral
BOJ - Dovish
FED - Neutral
BOE - TBA
RBA - TBA
BOC - Neutral (Refer USD for Direction)
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Price did not tag the initial Target Area and reversed.
With the recent data releases; FOMC, NFP & Services Data, I am slightly bearish USD [Est DXY 104 | Test Cloud Support] next week and going into US CPI in the following week. The US economic calendar is light next week.
Note
Apr/May Central Bank Meeting Update:ECB - Neutral
BOJ - Dovish
FED - Neutral
BOE - TBA
RBA - Neutral / Mixed
BOC - Neutral (Refer USD for Direction)
Note
Apr/May Central Bank meeting:ECB - Neutral
BOJ - Dovish
FED - Neutral
BOE - Bearish Vote, Neutral Fwd Guidance / Mixed
RBA - Neutral / Mixed
BOC - Neutral
Note
Analysis Week - 13 May 2024Daily - Range
Cloud (D) - Above Cloud
Weekly - Range
Cloud (W) - Above Cloud
Mid Term - Range
Looking for CPI to provide fresh direction for USD | DXY
- Favouring fresh USD shorts if CPI release is weaker, with a combination from a softer FOMC, NFP & Services Data
- In the event CPI release is better than consensus, will take trades according to corresponding price action
Order cancelled
Short term bearish USD with the recent CPI release.Looking for DXY to test 104 and trendline.
Will update new analysis on a new post moving forward.
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