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FxWirePro:DXY Trade Idea

DXY is trading flat after hitting low of 96.29 on Feb 20th 2019. The index jumped till 96.66 and is hovering around that level. The index has taken support after showing a minor decline below 50- day MA. It is currently trading around 96.64.

 

On the lower side, near term major support is around 96.31 (50-day MA) and any break below will drag the index down till 96/95.57 (200- day MA). The index should break below 95.16 (300-day EMA) for further weakness.

 

The near term resistance is around 96.71 (38.2% fib) and any break above will take the DXY to next level 97/97.37 (Feb 15th 2019 high). Any break above 97.71 confirms further bullish continuation.

 

It is good to sell on rallies around 96.75-80 with SL around 97.20 for the TP of 95.60.

 

Resistance

 

 R1- 96.75

 

R2 -97.20

 

R3-97.37

 

Support               

 

S1- 96.30

 

S2- 95.95

 

S3- 95.57

 

 

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May 24 05:00 UTC Released

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Actual

0.1 5.3

Forecast

-3.5 5.3

Previous

-4.8 5.3

May 24 05:00 UTC Released

SGManufacturing Output MM

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2.4 -2.3

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-1.3 -2.3

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-2.6 -2.3

January 31 00:00 UTC 688691688691m

ARAnnual Primary Balance*

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2016 bln ARS

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2016 bln ARS

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January 22 19:00 UTC 700511700511m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 688691688691m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 700511700511m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 688691688691m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 688691688691m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 688691688691m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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