USDollar trying to form a bottom

Expert
  • US Dollar Index attempting to form a base.
  • Urges caution on any short positions on Dollar against everything.
  • Dollar-Yen Breaks up

Editor

Winner of the Technical Analysis Book of the Year 2014, Mapping Your Voyage of Discovery, Shaun Downey is a veteran of the markets and a globally recognized name in the world of Technical Analysis.... Continued

Comment on this video

Your email address will not be published. Required fields are marked *


Latest Related News

Broad US Dollar weakness and the Pound stays strong, in the Forex Zone

EURUSD trying to negate the intermediate-term down trendGBPUSD stays strong with prod through key psychological barrier at 1.40AUDUSD hits new, multi-month cycle highNZDUSD starting to look more positive USDCAD bear threatUSDJPY correcting lower Continued

US Dollar 2021 strength is trying to resume

The US dollar has seen significant gains versus major currencies in early 2021This was assisted by higher US yields in anticipation of a large, Democrat-driven fiscal boost Corrective US Dollar losses seen over the past week have started to stallThis has seen the US Dollar see notable turning points and rally against the major currencies over the past 24 hoursHere we focus on EURUSD, GBPUSD, AUDUSD,… Continued

US Dollar recovery theme continues, US earnings mostly inspire

Macroeconomic/ geopolitical developments President Joe Biden’s inauguration passed without any notable incident, which was likely a relief for financial markets.Four central banks were in play last week, with modest signals from the Bank of Canada and the European Central Bank of less dovish, de facto minimally more hawkish tones.Earnings season played a significant role, with most banks and financials beating expectations, whilst Netflix was extremely… Continued

Q1/Q2 Elliott Wave views for the Forex Majors – Exclusive interview with Jim Martens!

Here is an in-depth interview with Jim Martens, Elliott Wave International's (EWI) Senior Currency Strategist and editor of the trader-focused Currency Pro Service. In this interview, we will discuss the Major currency pairs, including EURUSD, the US Dollar Index (DXY), GBPUSD, USDCHF, USDJPY, AUDUSD and USDCAD. Here is a link to a free report on trading FX with EWI. It’s normally $79 and not available on… Continued

Bullish into 2021 with blue sweep confirmed

Macroeconomic/ geopolitical developments The Democrats won both seats in the Georgia Senate runoff elections from Wednesday, confirming a “blue sweep”, the Democrats now taking control of both houses of Congress alongside the presidency. Then, Thursday saw unprecedented and shocking events in Washington DC, with Trump supporters storming the Capitol building. The fact that President Trump appeared to incite this activity has seen his social media… Continued

Forex Brokers in your location


SIGN UP

71% of retail investor accounts lose money when trading CFDs with this provider.


SIGN UP

67% of retail investor accounts lose money when trading CFDs with this provider.


SIGN UP

73% of retail investor accounts lose money