US Dollar Index – The greenback has been on a bullish tear and in an uptrend since gaining momentum on the 11th of October. The bullish momentum continue to pick up and resistance levels continued to be broken. The price closed at 98.35 this week, probably due to profit taking. Can we expect higher prices from
US Dollar Index - We are seeing the greenback being supported between 94.00 to 95.50 level and is maintaining its course above the channel base of the pitchfork. A test of R1 resistance at 96.45 was seen today. We need a break above the R1 level for the greenback to continue on its uptrend and
US Dollar Index - On the daily time frame, the US dollar bears gained ground last night during the US session and fell 1%. The US dollar is currently being supported by the S1 pivot and also the upward slanting line making a small channel which started from the 5th of March. A double confluence
Good day traders! In forex trading, it would be good if you take note of the trends in the US Dollar index Most of the major cuurency pairs are traded against the US dollar. What happens in the US will impact on the US dollar and hence the other major currency pairs. Happenings around the
Good day traders. Lets look at the US dollar index chart below. US Dollar Index The dollar index is looking bearish still. With market sentiments being positive on foreign currencies and gold price rising, it is why we see the dollar being heavy as a rock. If you want to long dollar, I
