USD Q2 2021 Technical Forecast
USD Q2 2021 Technical Forecast 2021-04-21 17:30:00 James Stanley, Senior Strategist Technical Analysis: US Dollar Begins with a Bounce but the Big Bear Still Lurks It was a bizarre beginning to a New Year for the US Dollar, but given 2020 I’m not sure how surprising it should be. The US Dollar came into 2021 after a very clear and strong one-sided trend enveloped the currency for the final 8 months of last year. Around the 2021 open, the US Dollar was flashing oversold conditions while also working on a falling wedge formation, which is often approached with the aim of bullish reversals. A...
Source: dailyfx.com