DXY - Dollar under pressure
With the anticipation of the inflation data that will be released on Thursday, the dollar is still under many selling pressures, but now it has reached pivotal areas, breaking it may lead it to lower levels, but if the data comes in its favour, it may regain its strength again.
Now the price is near a daily bullish trend and near buying areas (demand), as well as it is on the edge of the lowest descending channel on the 4 hour frame.
Everything will be revealed on Thursday, so please be careful in your trading until Thursday.
🔥💥 Like, Shared and subscription 💥🔥
Note: If you are a beginner trader, you should be aware of these rules:
1: Do not covet
2: Don't trade too much
3: Secure your positions after entering the profit
4: Enter contracts that fit your portfolio
5: Adhere to all recommendations
Now the price is near a daily bullish trend and near buying areas (demand), as well as it is on the edge of the lowest descending channel on the 4 hour frame.
Everything will be revealed on Thursday, so please be careful in your trading until Thursday.
🔥💥 Like, Shared and subscription 💥🔥
Note: If you are a beginner trader, you should be aware of these rules:
1: Do not covet
2: Don't trade too much
3: Secure your positions after entering the profit
4: Enter contracts that fit your portfolio
5: Adhere to all recommendations
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.