DXY 2019.11.05 (Global Marco Investor)
Audience: Global Macro Investor
Risk Amount: None
Entry Price(s): None
Publication: Free Analysis (Promotional)
Author: MKSara.com
Ticker: DXY
Description: US Dollar
Type of Analysis: Technical
Source of Analysis: Price Action on Bi-Weekly Candlestick
Trend Analysis: Up-trending with signs of consolidation based on price
Trend Velocity: Positive Deceleration with a strong sign of consolidation
Current Price: 97.89
5 Day Forecast: Range bound of 98.01 and 97.14
Price Range : 97.14 as critical support 99.67 as major resistance
Conclusion: With a resistance at 99.67 at the end of September, the dollar has decelerated but is showing signs of building a bottom at 97.14. A retest to 98.36 and possibly higher is on our watch list over the next two months. Frequent weekly and biweekly updates to come on the US dollar given the global implications of either a break out above 100.00 in the Dollar index and how that would have significant negative impact on Emerging markets across the investment universe or a trend reversal below 97.14 with signs of negative acceleration would have a significant positive impact on Emerging markets.
Risk Amount: None
Entry Price(s): None
Publication: Free Analysis (Promotional)
Author: MKSara.com
Ticker: DXY
Description: US Dollar
Type of Analysis: Technical
Source of Analysis: Price Action on Bi-Weekly Candlestick
Trend Analysis: Up-trending with signs of consolidation based on price
Trend Velocity: Positive Deceleration with a strong sign of consolidation
Current Price: 97.89
5 Day Forecast: Range bound of 98.01 and 97.14
Price Range : 97.14 as critical support 99.67 as major resistance
Conclusion: With a resistance at 99.67 at the end of September, the dollar has decelerated but is showing signs of building a bottom at 97.14. A retest to 98.36 and possibly higher is on our watch list over the next two months. Frequent weekly and biweekly updates to come on the US dollar given the global implications of either a break out above 100.00 in the Dollar index and how that would have significant negative impact on Emerging markets across the investment universe or a trend reversal below 97.14 with signs of negative acceleration would have a significant positive impact on Emerging markets.
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