U.S. Dollar Index (USDX) Technical Analysis

Is the U.S. dollar's slide at its lowest point yet?

Technical Analysis
2022年12月30日

Is the U.S. dollar's slide at its lowest point yet?

Given that it creates a double bottom pattern on the hourly time frame, the USDX appears to be indicating as much. To demonstrate that an uptrend is in motion, the index must test the neckline around 108.00 and break higher.

Don't miss the opportunity to capitalize on a move over the neckline resistance if it occurs. The 100-simple moving average (SMA) is below the 200 SMA, indicating negative pressure, while technical indicators are still indicating a bearish trend.

Stochastic is also overbought, indicating that the dollar bulls are running out of steam. A downward trend would indicate that selling pressure is increasing and could push the index back to its recent lows or even lower.

Robert Thompson

Technical Analysis

GBP/JPY Technical Analysis

Pound bulls, take care!

Robert Thompson
2022年12月21日

Technical Analysis

GBP/NZD Technical Analysis

If there aren't enough bulls present, the GBP/NZD pair may be poised to break to the downside.

Robert Thompson
2022年12月14日

Technical Analysis

XAU/USD Technical Analysis

USD bears can keep cheering the likelihood that the Fed won't be as hawkish at its next sessions as it was in recent meetings.

Robert Thompson
2022年12月08日