US DOLLAR PRICE OUTLOOK: IMPLIED VOLATILITY & TRADING RANGES FOR NEXT WEEKThe US Dollar is presently wedged between technical
US DOLLAR PRICE OUTLOOK: IMPLIED VOLATILITY & TRADING RANGES FOR NEXT WEEK
- The US Dollar is presently wedged between technical confluence supplied by its 50-day and 200-day easy transferring averages
- USD value motion turns to staggering occasion danger scheduled for subsequent week with a FOMC fee determination along with Q3 US GDP, nonfarm payrolls, inflation and PMI knowledge releases
- Try the US Dollar Price Volatility Report for every day commentary on the US Greenback with implied volatility and buying and selling ranges included
The US Greenback continues to claw again current draw back with the DXY Index rebounding roughly 0.7% during the last 5 buying and selling days. However, there’s a plethora of high-impact occasion danger scheduled for subsequent week that stands to strongarm USD value motion.
US DOLLAR INDEX PRICE CHART: DAILY TIME FRAME (MAY 20, 2019 TO OCTOBER 25, 2019)
Chart created by @RichDvorakFX with TradingView
The US Greenback Index is presently wedged between technical help supplied by its 200-DMA and technical resistance posed by its 50-DMA which is able to look to maintain the buck roughly contained. A breakout above or under these ranges of confluence – probably sparked by a significant basic catalyst over the approaching days – may very nicely decide the US Greenback’s broader development.
FOREX ECONOMIC CALENDAR – US DOLLAR
The DailyFX Economic Calendar particulars…