US Dollar Index Short-Covering Rally Targets 95.755 – 96.020
- ByFXEmpire-
The direction of the March U.S. Dollar Index on Tuesday is likely to be determined by trader reaction to 95.360.
Symbol | Exchange | Currency |
|---|
The direction of the March U.S. Dollar Index on Tuesday is likely to be determined by trader reaction to 95.360.
The H4 Fibonacci zone overlapping the lower edge of weekly resistance from $1.1473-1.1583 echoes a bearish tone and may weigh on upside attempts on EUR/USD
The combination of daily resistance between $0.7247 and $0.7315, H4 prime resistance at $0.7338-0.7292 and the $0.73 figure on the H1 scale is likely enough technical confluence to...
Between hawkish FOMC minutes, a strong ADP report and a surge in Treasury yields, the U.S. dollar should be stronger. However, in the last 48 hours, the greenback pulled back...
The rally in currencies and equities continued Thursday, with the U.S. dollar extending lower. All of the major economic events this year are now behind us, clearing the way for a...
The Federal Reserve took a big step in its battle with inflation today when it announced plans to taper asset purchases by $60 billion a month. In November, it was cutting...
Type | 5 Min | 15 Min | Hourly | Daily | Monthly |
|---|---|---|---|---|---|
| Moving Averages | Strong Sell | Strong Sell | Strong Sell | Neutral | Strong Buy |
| Technical Indicators | Strong Sell | Sell | Strong Sell | Sell | Strong Buy |
| Summary | Strong Sell | Strong Sell | Strong Sell | Neutral | Strong Buy |