US DOLLAR INDEX BEARIS OUTLOOK
Inflation is USA still remains high, but it have eased a bit, showing the CPI published yesterday. The investors are currently more worried regarding the interest rate increase that Fed is planning to implement in order to continue slowing the inflation.
USDX broke the support of the triangle pattern on the 1 day graph, which might indicate a downturn for the instrument, which is supported by both MACD histogram, which is steadily under the zero line, and the RSI index.
If the pattern does not realize the instrument might return to its open from yesterday at 106, but if it gets realized, it might reach levels of 103.3
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USDX broke the support of the triangle pattern on the 1 day graph, which might indicate a downturn for the instrument, which is supported by both MACD histogram, which is steadily under the zero line, and the RSI index.
If the pattern does not realize the instrument might return to its open from yesterday at 106, but if it gets realized, it might reach levels of 103.3
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
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