DXY, Movement in D1 & W1
The dollar turns to raise in the last few days, it is possible to go above the areas of resistance in the short-term. The market is predicting the dollar will gain sharply due to ECB's Lagarde says inflation risks remain. Currently, the raise in the dollar will lead the price decrease in Commodities. By analyzing in weekly chart, I look forward for a bearish, the drop in the Dollar seems like not finished yet.
https://www.reuters.com/markets/currencies/dollar-falters-investors-challenge-feds-hawkishness-2022-12-15/
*Disclaimer: All information posted are merely for a personal interest and record trading journal, NOT a trading suggestions. Lotc is not a registered investment advisor, does not make recommendations of any trading or purchase proposes. Lotc does not guarantee the accuracy of the information. Take your own risk in trading.
https://www.reuters.com/markets/currencies/dollar-falters-investors-challenge-feds-hawkishness-2022-12-15/
*Disclaimer: All information posted are merely for a personal interest and record trading journal, NOT a trading suggestions. Lotc is not a registered investment advisor, does not make recommendations of any trading or purchase proposes. Lotc does not guarantee the accuracy of the information. Take your own risk in trading.
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