Completion of the correction of the dollar index DXY.H4 13.09.24
Completion of the correction of the dollar index DXY
The dollar index has completed its upward correction and now we are waiting for a downside downdraft on the Fed on the 18th of September. In fact, the currency futures expiration has now passed and the gap that you see in the quotes is caused by a large divergence of forward point, that is a purely technical picture. Some suppliers may have different quotes by the numbers.
From current levels +- I expect a correction up again and a continuation of the fall after Powell's speech on Wednesday 18 September. I do not set targets at the low yet, I will be looking at it in the process
The dollar index has completed its upward correction and now we are waiting for a downside downdraft on the Fed on the 18th of September. In fact, the currency futures expiration has now passed and the gap that you see in the quotes is caused by a large divergence of forward point, that is a purely technical picture. Some suppliers may have different quotes by the numbers.
From current levels +- I expect a correction up again and a continuation of the fall after Powell's speech on Wednesday 18 September. I do not set targets at the low yet, I will be looking at it in the process
Note
New downfall in DXY
On the dollar index I showed in the last post that after a pullback to 101.15 I expect a new decline. We got that decline and are stuck in flat again. If there will be no false breakdowns, then we will go down again to renew the minimum to 99.50 and 99.70. An internal pullback and then down is quite possible. The culmination at the bottom on buy gave a weak result, so I do not change the overall priority on the index and leave it on the decline.
EN channel -t.me/kovach_trader
Ru channel - t.me/newwavetrade
Ru channel - t.me/newwavetrade
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