DXY US Dollar Index Macro View 13/01
Past week, US ISM Non-Manufacturing index dropped in December. US jobs openings and NFIB Index dropped. Consumer Price Index dropped 0.1% but core price inflation remained firm and consistent with the Federal Reserve’s inflation target.
DXY last week has broken H4 support at 95.70 levels and rebound turning that levels from support to resistance. Overall suggesting to watch 95.70 levels bounce break scenario. If prices go above levels, prices may reach 96.30 towards 97.70 progression. Or might range between 95.70 to 94.90 levels going forward.
Indicators:
Parabolic SAR – Bullish
MACD – Bullish
Stochastic – Moving towards overbought, Bullish
Overall - 3/3 - Bullish
Disclaimer:
Any opinions, news, research, analyses, prices or other information contained in this content is provided as general market commentary and does not constitute investment advice. ForexBriefcase will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
DXY last week has broken H4 support at 95.70 levels and rebound turning that levels from support to resistance. Overall suggesting to watch 95.70 levels bounce break scenario. If prices go above levels, prices may reach 96.30 towards 97.70 progression. Or might range between 95.70 to 94.90 levels going forward.
Indicators:
Parabolic SAR – Bullish
MACD – Bullish
Stochastic – Moving towards overbought, Bullish
Overall - 3/3 - Bullish
Disclaimer:
Any opinions, news, research, analyses, prices or other information contained in this content is provided as general market commentary and does not constitute investment advice. ForexBriefcase will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
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