Interpretation Of The New Support Of The US Dollar

The US dollar index daily chart is currently running near the 55 EMA, and the mid - level sideways turbulence continues.

From the trend of the hourly chart, the US dollar index has risen to a high level of 96.50 in the short term, and has been concerned about the resistance of the short-term high point.

The last trading day was further affected by employment and housing data in the United States. Apart from the short-term strength of gold, the non US currencies declined across the board.

This morning, Fed chairman Yellen's speech pushed the US dollar index further higher.

In the evening, the performance of GDP data in the US also needs proper attention.

The euro / dollar daily chart continues to operate near the parallel channel since March 13th. Recently, it focuses on the supporting role near the 1.1020 sides of the channel, once it breaks through the future.

Further development.

From the trend of the hourly chart, the euro / dollar traded on the last trading day rebounded to 1.1295, and there was a rapid decline. The downward trend of the short term burst out a very strong downward trend. It is expected that the 1.1160 low point will fall further to 1.1100 after a slight adjustment.

The GBP / USD chart fell further to the low of 1.5220 in September 4th, and there will be some repetition before the breakthroughs.

From the trend of the hourly chart, the pound / dollar continued the objective downtrend under the suppressing effect of the EMA system. The rebound from the last trading day to the 34 average moving line suffered a certain degree of decline. The intensity and scope of the short-term adjustment of the sterling pound were focused on during the day. It is expected that there will be further downfall after the short term adjustment.

The further low innovation rate of sterling has been limited, and the strength of the rebound has also been enhanced. The space of the pound's whereabouts is expected to be limited.

Short line resistance 1.5290,1.5385.

The US dollar / Swiss Franc daily chart moved up to around 0.9825 high in September 7th, which prevented the further expansion of the upper space.

From the hour chart trend,

On the previous trading day, the callback reached 0.9665, and the support rose to a high level near 0.9805. Before the breakthroughs took place, the dollar / Swiss Franc will still have some turbulence.

Judging from the trend of the three Euro currencies, the euro, the Swiss franc and the pound, the short run of the euro and the Swiss franc is mainly based on the interval pattern, and the interval pattern is maintained before breaking through the short-term low point.

Although the short term is mainly based on innovation and low tempo, the slow down of innovation and low intensity limits the further development of the short term decline.

USD / yen daily chart continues.

Under the suppression of the system, the pattern is adjusted in the interval.

From the trend of the hourly chart, the US dollar / yen traded back to 119.20 in the last trading day, and it was stabilized and picked up. Influenced by the frequent alternating of kinetic energy in recent trading days, the short term turbulence pattern of the US dollar / yen continued.

Short line resistance 120.65, support 119.

The US dollar index daily chart is currently running near the 55 EMA, and the mid - level sideways turbulence continues.

From the trend of the hourly chart, the US dollar index has risen to a high level of 96.50 in the short term, and has been concerned about the resistance of the short-term high point.

The last trading day of the gold daily chart further drew the line, and the mid-term rebound dynamics further enhanced.

From the trend of the hourly chart, the last trading day of gold directly broke through the resistance effect of the September 18th high of 1142 and launched a straight line rise.

At present, gold is facing a technical correction near the 1157 price level, and is expected to rise further to a high of 1170 in August 24th after a slight adjustment within days.

Short line support 1141.501134.

The daily chart of crude oil is still suppressed by the 55 EMA.

Judging from the trend of the hourly chart, crude oil trading back to September 17th with a certain slope adjustment interval below the support to stabilize and pick up, after the last trading day after the rebound, the current high resistance in the vicinity of 45.10 adjustment, is expected to be adjusted after the crude oil still has a certain range of internal upward space.