This rally in the dollar $DXY over the past year has been incredibly weak. We've now set 7 small and failed higher highs, this is usually a sign to look lower, even after the recent dip. The macro case to be bullish DXY is well known, but price suggests a deeper washout is ahead pic.twitter.com/1WcvErMulJ […]
Chart of the Day – Wednesday, July 31st, 2019
Today’s Chart of the Day was shared on Twitter by Jeroen Blokland (@jsblokland). It’s a chart of the US Dollar Index ($DXY) breaking out to a two-year high today after the Federal Reserve announced their decision to cut interest rates by 25 basis points. For those unfamiliar with the US Dollar Index, it’s used to […]
U.S. Dollar at a Key Inflection Point
The U.S. Dollar has been in focus for a lot of traders and analysts lately. It broke out to a new 52-week high at the end of May but since then, has pulled back rather sharply. It’s been in a healthy uptrend for over a year, as it’s traded above a rising 200-day moving average. […]
