Trading Room

Weekly Forex Analysis Aug 1st – 5th, 2022 – DXY Arrives at a Confluence Zone

August 1, 2022 | 5:08 pm | The 5%ers' Blog > Trading Room
August 1, 2022 | 5:08 pm
The 5%ers' Blog > Trading Room
Weekly Forex Analysis Aug 1st - 5th, 2022 – DXY Arrives at a Confluence Zone

Negative correlation between the Dollar and capital markets

The trading rooms are the opportunity to trade together with our traders!

The rooms are available for our traders three times a week.

In the trading rooms, we will all interact, scan and analyze the markets, trade, ask questions to each other, and share market visions and trading opportunities.

 

In today’s trading room, we continued analyzing the Dollar, which is the top asset to look for during this market period.

At the end of last week, the Dollar depreciated against the other pairs of the basket.

And it may have some space to go. Technically, the DXY arrives in a confluence zone where it can attract some buyers.

Finally, we continued to highlight the negative correlation between the Dollar and capital markets, which may be the continuing switch between risk-off to risk-on period.

 

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