Type: Bullish BounceKey Levels:Resistance: 103.211Pivot: 102.439Support: 101.287Preferred Case:On the H4, with MACD moving in a bullish momentum and breakout from the descending trendline, we have a...
Market Spotlight: FOMC Minutes Fail to Deliver Fireworks
FOMC Minutes Confirm Fed HawkishnessThe May FOMC minutes last night were broadly as expected. The release reaffirmed the current Fed hawkishness yet, in light of the uptick in recent Fed commentary,...
Market Spotlight: FOMC Minutes on Deck Tonight
USD Poised for FOMC MovesTonight’s FOMC minutes release will of course be centre stage for traders. The recent squaring of long positions in USD puts the Dollar in a very interesting place ahead of...
Market Spotlight: Fed's Powell Opens Door To .75% Hikes
Fed chairman Jerome Powell warned markets yesterday that the central bank cannot promise a soft landing. The Fed is fighting to get inflation under control and back down to its 2% target while...
DXY, H4 | Potential Bullish Continuation
Type: Bullish BounceKey Levels:Resistance: 105.384Pivot: 103.599Support: 102.487Preferred Case:On the H4, with price expected to bounce off the Ichimoku support, we have a bullish bias that price will...
Market Spotlight: Powell Confirms .5% Rate Hike 'On Table' For May FOMC
USD Rally ContinuesThe US Dollar is seeing better demand into the end of the week following comments from Fed chairman Jerome Powell yesterday. Powell, who was taking part in an IMF meeting regarding...
DXY | H4 Potential for Bearish Dip
Type: Bearish ReversalKey Levels:Resistance: 101.159Pivot: 100.742Support: 99.394Preferred Case:We see that price is near pivot level and it is on a bearish momentum. Price can potentially dip from...
Market Spotlight: DXY Soars On Hawkish FOMC Minutes
Fed Pushing Ahead in MayThe US Dollar has been higher today on the back of the release of the March FOMC minutes yesterday. The minutes confirmed the hawkish shift within the Fed, revealing members’...
DXY, H4 | Potential For Bounce
Type: Bullish BounceKey Levels:Resistance: 98.308Pivot: 97.72Support: 97.3Preferred Case:Prices have approached a pivot. We see the potential for a bounce from our Pivot at 97.72 in line with 100%...
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