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TradingWithMohamad

Forecast: Can the dollar keep rising?

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Trend Analysis Technical Indicators Wave Analysis DXY USD DJ FXCM Index inflation interestrates dollarindex forecast
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trendanalysis indicator waveanalysis dxy usd usdollar inflation interestrates dollarindex forecast
The US dollar (USD) has strengthened against most other major currencies in recent months, reaching a 20-year high by regained ground above the 113 bouncing back from its weekly lows of around 110 and We've already had five rate hikes this year, but the Fed has not yet been able to contain runaway inflation. Inflation shows no signs of slowing, with 8.2% increase over the past year and rising by 0.4% from August to September. What I think with Next Fed meeting scheduled for early November I think we gonna have another aggressive rate hike

*Note:
This Trade will be valid if the price break 114.805 and closed above it
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