DOLLAR - Most important chart Now

١٧ يونيو ٢٠٢٢

The dollar up on Friday morning in Asia, mainly because of losses of Japanese Yen. (What are the Japanese trying to do? Probably trying to boost exports on a cheap currency)

So, the mighty USD clawed back from a one-week low after sliding for two days with the U.S. Federal Reserve’s interest rate hike decision. : You can read about that here (i say rather Dovish statements, given the situation tradingview.com/chart/BTCUSD/EyWMjJTX-Sell-the-Rumors-Buy-the-News/)

The U.S. Dollar Index that tracks the greenback against a basket of other currencies gained 0.57%

The USD/JPY pair jumped 1.30% to 133.93. The Bank of Japan (BOJ) announced earlier in the day to keep policy ultra-loose despite rising inflation while global central banks are taking tight monetary policies, the yen retreated sharply.

“Because of the outside chance that the Bank of Japan would do something today, if you were sitting there long dollar-yen, the risk/reward from running that into the decision and being wrong warranted taking risk off the table,” National Australia Bank strategist Ray Attrill.

Dollar is STRONG which means the price of energy should go lower or the fears for recession might actually come true.

Our chart shows DOLLARINDEX at resistance. We are /technically speaking/ allowed to start looking for short positions on the dollar. It's not easy nor clear so the idea is to hedge.

Something like gbpusd long + usdjpy long for now. EURUSD which we have been killing for months now is not clear at the moment (toss a coin until a clear entry now): tradingview.com/chart/EURUSD/hp2rhkWp-EURUSD-Political-Parody-will-Bring-EURUSD-Parity/.. you see with the euro we have another hedge going on (eurusd short eurtry Long which is also doing miracles)

This is the most important chart at the moment.. for the markets but Bitcoin and crypto also