Monday 18th September 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart is currently displaying a robust and sustained bullish momentum, with several compelling factors contributing to this positive outlook. At the core of this optimism is the DXY's position within an ascending channel, providing a clear pathway for bullish continuation as price movements typically follow higher highs and higher lows within such channels.
Friday 15th September 2023: Technical Outlook and Review
DXY: The DXY (US Dollar Index) chart currently exhibits a bearish […]
Thursday 14th September 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart currently reflects a neutral overall momentum, indicating a lack of a clear bullish or bearish bias. There's a potential scenario where the price may oscillate within a range, fluctuating between the 1st support and 1st resistance levels.
Wednesday 13th September 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart currently demonstrates a bullish momentum, indicating a potential upward trend in price movement. There's a possibility of a bullish rebound from the 1st support level at 104.41, which is an overlap support.
Tuesday 12th September 2023: Technical Outlook and Review
The current analysis of the DXY (US Dollar Index) chart indicates a prevailing bullish momentum. There is a prospect of a bullish rebound anticipated at the 1st support level at 104.41, which is characterized as an overlap support.
Monday 11th September 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart currently displays a bullish overall momentum, with price situated within a bullish ascending channel. There's potential for a bullish bounce off the 1st support level at 104.65, identified as an overlap support.
Friday 12th June: Technical Outlook and Review
USD longs made a comeback Thursday, with the DXY staging a stronger-than-expected recovery above 96.50. This firmly weighed on the euro, the largest component of the index making up almost 58%.
Friday 21st February: Technical Outlook and Review.
Key risk events today: Eurozone Flash Manufacturing/Services PMIs; UK Flash Manufacturing […]
Thursday 20th February: Gold Tests Levels Not Seen Since 2013; Eyes Weekly Resistance at 1636.0.
EUR/USD continues to echo a bearish stance, capped at the underside of the 1.08 handle on the H4 timeframe. The US dollar index continued marching higher Wednesday, scoring highs at 99.71, levels not seen since May 2017.
