During today's New York session the DXY dollar strength index has been pushed higher due to US economic news, Initial Jobless Claims Actual: 232K Forecast: 248K Previous: 237K,
showed a bullish sentiment from a forecasted and previous perspective, and
ISM Manufacturing PMI (Aug)
Actual: 52.8 Forecast: 52.0 Previous: 52.8, showed a bullish sentiment from a forecasted standpoint. Previous data showed no change but still business showed strong import and export measures.
The technical 4 hour chart perspective shows that the DXY can potentially fall overnight though tomorrow the US will be releasing Nonfarm Payroll economic data which can bring a negative or positive reaction in regards to the DXY direction. The DXY reached 109.977, fresh highs and has since seen some bearish momentum, the near half period MACD shows a sell signal approaching now. The 4 hour RSI continues to diverge quite strongly. The 4 hour MACD approaches 0. USDCHF has since moved 10 pips lower and can move lower another 30 pips lower potentially, USDJPY 4 hour RSI is overbought and can move lower soon as it is also at fresh highs. Target for USDCHF 0.97848 area, USDJPY 139.897.$USD Currency Index $USD/JPY $USD/CHF
Ilyas Khan Top1 Markets
showed a bullish sentiment from a forecasted and previous perspective, and
ISM Manufacturing PMI (Aug)
Actual: 52.8 Forecast: 52.0 Previous: 52.8, showed a bullish sentiment from a forecasted standpoint. Previous data showed no change but still business showed strong import and export measures.
The technical 4 hour chart perspective shows that the DXY can potentially fall overnight though tomorrow the US will be releasing Nonfarm Payroll economic data which can bring a negative or positive reaction in regards to the DXY direction. The DXY reached 109.977, fresh highs and has since seen some bearish momentum, the near half period MACD shows a sell signal approaching now. The 4 hour RSI continues to diverge quite strongly. The 4 hour MACD approaches 0. USDCHF has since moved 10 pips lower and can move lower another 30 pips lower potentially, USDJPY 4 hour RSI is overbought and can move lower soon as it is also at fresh highs. Target for USDCHF 0.97848 area, USDJPY 139.897.$USD Currency Index $USD/JPY $USD/CHF
Ilyas Khan Top1 Markets