The dollar is clearly bearish last week, but the bearish movement has stopped after it got supported at the 3-month demand zone.
The price is most likely to range downwards to 95 before it continues to climb higher into the supply zone above 95.6.
Although the NFP figure was extraordinary good, unemployment has begun climbing, the US government remains shut down, and the Fed is becoming reluctant to raise interest rate further.
My point of view is that the dollar may have peaked, the trend has just begun reversing and the dollar will fall in a staggered manner, slow but eventually.
The price is most likely to range downwards to 95 before it continues to climb higher into the supply zone above 95.6.
Although the NFP figure was extraordinary good, unemployment has begun climbing, the US government remains shut down, and the Fed is becoming reluctant to raise interest rate further.
My point of view is that the dollar may have peaked, the trend has just begun reversing and the dollar will fall in a staggered manner, slow but eventually.
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Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.