J-DXY
20191001 10pm Dollar falls with lower Fed Rate ProbabilityThe dollar peaked and broke down on October 1, 2019 10pm as Fed Fund Futures indicate a jump in probability from 39% to 62%. This was a good signal to go long EUR and buy the pullbacks on an hourly timeframe.
Probabilities of a 150-175 Target Rate on October 30, 2019
09/30/2019 0 0.395517
10/01/2019 0 0.62
10/02/2019 0 0.769655
10/03/2019 0 0.887241
Source: CME FedWatch Tool www.cmegroup.com
USD INDEX DECLINE (RISING WEDGE FORMATION) LETS LEARNExpecting price to retest previous structure before a possible 50 - 100 pip decline.
If price breaks support, I will be expecting a retest before going short.
My bias is Short so i will only get in if price meets my requirements (DISCIPLINE) !!!!!!!
USD Against AUD NZD GBP EUR JPY CHF CAD and GOLDOnce USD starts to fall, we should see other indexes start to pick up, however, most rise could be AUD & NZD & JPY ( EUR will remain weak & GBP depends on brexit news).
GOLD it will rise when USD fall, unless USA CHINA news come up with a deal.
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