Ichimoku Analysis (Daily chart)
Tenken-Sen- 97.27
Kijun-Sen-97.07
DXY has once again declined after showing a minor jump above 200- day MA. The index declined more than 30 pips as EURUSD recovered on an upbeat German ZEW sentiment index. It came at 26.7 up from 10.7 vs forecast of 15.2, the highest level since Jul 2015. It hits a low of 97.39 at the time of writing and is currently trading around 97.42.
According to the Fed watch tool, the probability of rates to be unchanged has decreased to 83.9% from 86.7% and the chance of 25 bps rate increase jumped to 16.1% from 13.3%.
On the flip side, near term support is at 97.30 and any violation below will drag the index down till 97/96.54.
The major resistance is around 97.70 (200-day MA), any indicative break above targets 98.25/98.60.
It is good to buy on dips around 97.35-40 with SL around 97.10 for the TP of 98.60.


FxWirePro- Major Pair levels and bias summary
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
FxWirePro- Woodies pivot (Major)
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: GBP/AUD drifts lower after BOE rate decision
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro: GBP/USD rises as soft US data pressures dollar
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major) 



