The US Dollar Index (DXY) turned down sharply from the overhead resistance of 108 but is finding support at the 20-day exponential moving average (105.93). DXY daily chart. Source: Cointelegraph/TradingView Buyers will try to push the price toward 108, but the b...
The dollar’s recovery has also been attributed to a rebound in U.S. yields across the curve, all in response to declining bets on the likelihood that the Federal Reserve might start cutting interest rates as soon as March. From a technical perspective, the U.S. Dollar Index looks poised ...
day trade ideasdaytradeideasdollar indexdxy Replies: 0 Forum:Advertisements Chart of The Day SPX Elliott Wave View: Still within wave 3 Revised short term Elliott wave view in SPX suggests that the rally from 1/23 low is unfolding as a 5 waves Elliott wave impulse structure where Minor wave...
U.S. Consumer Price Index (CPI) chart. Source: Bureau of Labor Statistics DXY tanks 2% on economic numbers Meanwhile, an already weakened U.S. dollar index (DXY) felt instant pain at the release, dropping over 2% for the second time in recent days. Related:Analysts urge calm as Tether ...
The US Dollar Index (DXY) is witnessing a tough battle between the bulls and the bears near the 108 level. DXY daily chart. Source: Cointelegraph/TradingView The upsloping moving averages and the RSI in the positive territory indicate advantage to buyers. If the...
US dollar Index price analysis The US dollar Index (DXY) is witnessing a tough battle between the bulls and the bears near the 20-day EMA (105.96). DXY daily chart. Source: Cointelegraph/TradingView If the price plummets below 105.42, the index may fall to the...