2.7 C
New York
Thursday, April 22, 2021

Chart Of The Day: DXY

Must read

Nuvve vs. Blink: Which EV Charging Stock is a Better Buy?

Stock Markets12 minutes ago (Apr 22, 2021 09:31AM ET) (C) Reuters. Nuvve vs. Blink: Which EV Charging Stock is a Better Buy? After an impressive rally...

Constellation Disrupts Blockchain With Revolutionary Tokenomics

Sign In/Free Sign Up 0 Cryptocurrency12 minutes ago (Apr 22, 2021 09:30AM ET) Constellation Disrupts Blockchain With Revolutionary Tokenomics Have you ever wondered what's the...

Huobi affiliate launches Bitcoin, crypto mining fund

Cryptocurrency12 minutes ago (Apr 22, 2021 09:30AM ET) Huobi affiliate launches Bitcoin, crypto mining fund Huobi Asset Management, an affiliate of leading crypto exchange, Huobi, has...

Member tells MPC Oct strategy to flatten bond yield curve a flop show

Government bond yields have continued to edge higher throughout 2021 amid concerns over a large supply of government bonds and inflation.

We have been U.S. dollar bears the last few weeks as the index had a bear flag pattern that broke near the 96.00 level and then some multi-year trend lines below the 94.00 level. However, the last low yesterday came with a divergent RSI after we tagged the previous range’s 127% Fibonacci extension. The reversal today with close back above 92.50 puts in a false breakdown. This could allow for a test of the 94.00 level resistance and possibly (depending on what macro/market events are happening) could allow for a move back towards the 95.50 breakdown point. I guess the key takeaway here is: U.S. dollar bears should be careful here.

Chart Of The Day: DXY

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

- Advertisement -

Latest article

Nuvve vs. Blink: Which EV Charging Stock is a Better Buy?

Stock Markets12 minutes ago (Apr 22, 2021 09:31AM ET) (C) Reuters. Nuvve vs. Blink: Which EV Charging Stock is a Better Buy? After an impressive rally...

Constellation Disrupts Blockchain With Revolutionary Tokenomics

Sign In/Free Sign Up 0 Cryptocurrency12 minutes ago (Apr 22, 2021 09:30AM ET) Constellation Disrupts Blockchain With Revolutionary Tokenomics Have you ever wondered what's the...

Huobi affiliate launches Bitcoin, crypto mining fund

Cryptocurrency12 minutes ago (Apr 22, 2021 09:30AM ET) Huobi affiliate launches Bitcoin, crypto mining fund Huobi Asset Management, an affiliate of leading crypto exchange, Huobi, has...

Member tells MPC Oct strategy to flatten bond yield curve a flop show

Government bond yields have continued to edge higher throughout 2021 amid concerns over a large supply of government bonds and inflation.

Wall St to open flat as earnings roll in; jobless claims fall

Stock Markets22 minutes ago (Apr 22, 2021 09:20AM ET) (C) Reuters. FILE PHOTO: A U.S flag is seen on the New York Stock Exchange in...