DXY Federal Reserve day
On Federal Reserve day, be cautious of severe fluctuations.
We are very close to reaching 105.400, and from this point, we can sell the dollar in the medium term, and from 105.700 in the long term.
The current inflation rate is 3.4%, which is expected to be 3.4%, and in my personal opinion, I expect inflation to drop to 3.2%.
With the release of the news, I see the dollar index rising to the specified area on the chart, which is 105.700, and then starting to decline with the interest rate decision and Jerome Powell's press conference.
Be cautious as the market does not react immediately to trends on such days.
Pay attention to the classical school and integrate it with advanced schools like ICT, and enter with capital management without taking risks.
In my personal opinion, trading during the time when the Fed Chair speaks is not a good idea and is a form of gambling. You should look for key points and weaknesses and start your trading with a well-studied plan without rushing.
You should know that the market takes direction after a few days or at the beginning of the new week.
Any talk or indication of timing the reduction of interest rates will be negative for the US dollar.
#Hezha_Ravandi
Good luck.
We are very close to reaching 105.400, and from this point, we can sell the dollar in the medium term, and from 105.700 in the long term.
The current inflation rate is 3.4%, which is expected to be 3.4%, and in my personal opinion, I expect inflation to drop to 3.2%.
With the release of the news, I see the dollar index rising to the specified area on the chart, which is 105.700, and then starting to decline with the interest rate decision and Jerome Powell's press conference.
Be cautious as the market does not react immediately to trends on such days.
Pay attention to the classical school and integrate it with advanced schools like ICT, and enter with capital management without taking risks.
In my personal opinion, trading during the time when the Fed Chair speaks is not a good idea and is a form of gambling. You should look for key points and weaknesses and start your trading with a well-studied plan without rushing.
You should know that the market takes direction after a few days or at the beginning of the new week.
Any talk or indication of timing the reduction of interest rates will be negative for the US dollar.
#Hezha_Ravandi
Good luck.
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