Weekly Technical US Dollar Forecast: Failed Bullish Breakout Potential
The US Dollar (via the DXY Index) closed below ascending triangle resistance, an indication that the recent bullish breakout attempt may have failed.
Source: dailyfx.com
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Weekly Technical US Dollar Forecast: Uptrend Intact, but Divergence Among USD-pairs
The US Dollar (via the DXY Index) has once again rebounded from rising trendline support from the May 2021 and January 2022 swing lows.
Source: dailyfx.com
Weekly Technical US Dollar Forecast: Bullish Breakout Gathering Pace
The US Dollar (via the DXY Index) broke its 2021 high and moved up to its highest level since July 2020 following the January Federal Reserve meeting.
Source: dailyfx.com
Weekly Technical US Dollar Forecast: Sell-Off May Be Finished
The DXY Index’s rebound at a critical support region suggests that the worst of the sell-off may have been completed.
Source: dailyfx.com
Weekly Technical US Dollar Forecast: Rally Fizzling, Bears Retaking Control
The US Dollar (via the DXY Index) saw all of its weekly gains evaporate following the May US nonfarm payrolls report as US Treasury yields receded.
Source: dailyfx.com