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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
FOREX
Looking at a daily USD Index (DXY) chart, the current primary uptrend started in January 2021, however, technical trend indicators confirmed a bull cycle in June 2021. A trend tool we monitor is the relationship between the 20- and 50-day EMAs. This indicator highlights the following:
- In an uptrend, the 20 day EMA is above its 50-day counterpart - this confirms that the slope of the trend is positive.
- The 50-day EMA represents an important area of support for bulls in an uptrend.
- When a bull trend corrects and retraces back to levels near or just below the 50-day EMA, it suggests price has arrived at an area where demand is likely to increase and eventually result in a resumption of the uptrend.
- Importantly, this indicates when a correction is likely over - an important input for bulls during an uptrend.
- As long as the 20- and 50-day EMAs remain in a bull mode set-up (the 20-day above the 50-day) and price finds support near the 50-day EMA, the primary uptrend remains firmly intact.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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