Daily technical analysis of the DXY july 12, 2022

A Mid-Term Analysis of the Ichimoku Dollar Index July 12, 2022

admin 12 July 2022

Given the price fluctuation above the Ichimoku indicator and also along the uptrend line in the 4-hour chart of the Dollar Index, we expect the price to rise to the resistance level of 111.727.

However, in the short term, after the strong uptrend of the price in the last few days, the dollar index (DXY) needs a correction to the 23.6% Fibonacci level to continue its uptrend so that it has the momentum to continue its uptrend.

A Mid-Term Analysis of the Ichimoku Dollar Index July 12, 2022

Therefore, in the short term, we expect the price to be in a corrective phase. Although the upcoming economic news is very important.

Do you like it?

5/5 - (1 vote)

Leave a Reply Cancel reply

Inflation increases in Canada as the consumer price index falls

The Canadian Consumer Price Index measures the average price level of a basket of goods and services purchased by consumers and reflects the rate of inflation.

An Introduction to forex chart

forex charts help you predict future prices based on past prices. there are several types of charts, such as linear. bar or candlestick charts. each one of

Price drop of the US dollar retail price index

The retail sales index measures the change in the value of total sales at the retail level. This index is the main index of consumer spending, which accounts

Trading or investing? Which one is more profitable?

Traders take more risks to gain profits faster, but investors prefer to invest their money in an asset and wait for a long time to achieve their financial goals with lower risk

Technical analysis of the EURUSD currency pair; 25-12-2022

In the long term, the price continues to move in a neutral range between 1.06613 and 1.05787. The failure at this level indicates the long-term trend of this currency pair. Important levels next week EURUSD currency pair; 25-12-2022 In this section we will

Technical analysis of EURUSD time 3 hours and 30 minutes: 01-21-2023

in the higher fractal of 3 hours, we see growth and an upward wave in the form of a one-to-one channel located between 2 static resistance areas, with the pivot point located at the highest point of resistant level, which caused the formation of a strong