DXY: US Dollar Index: Fundamental Analysis and Review
DXY: US Dollar Index: Fundamental Analysis and Review
Hawkish
comments by the Federal Reserve at the Jackson Hole Symposium hinted at the possibility
of more rate hikes in the coming days. As we wait for the next meeting
scheduled for 22nd September, it is important to focus on the daily
and 4-hour charts that all point to a possible bearish movement in the coming
days. On the 4-hour chart, an evident head-shoulder pattern is forming, which
will send DXY below the 107.69 mark.
Analytic Dave
AnalyticalDave is a personal financial analysis portfolio that captures my Derivatives trading, stock, and investing journey. My portfolio does NOT act as a financial advisor to any community. It is only purposed for journaling my story as a self-taught trader and investor.
