• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Economy

The dollar index remains in a bearish trend this week

by August 21, 2024
written by August 21, 2024

The dollar index remains in a bearish trend this week

During this morning’s session, the dollar index retreated to 101.31, its lowest value this year

Dollar index chart analysis

During this morning’s session, the dollar index retreated to 101.31, its lowest value this year. After that, a bullish consolidation up to the 101.60 level was initiated. Here, we encounter new resistance that directs us again towards the daily open price. Now, we are at the 101.43 level and trying to stay above the daily open level on the positive side.

If the dollar index managed to move above the 101.60 level, it would form a new daily high, which would be considered very positive for the index. After that, we expect to see further progress to the bullish side. Potential higher targets are the 101.80 and 102.00 levels. At the 101.80 level, we will meet the EMA 50 moving average before continuing further recovery. The EMA 200 moving average, is an obstacle to our concrete move to the bullish side, is at 102.40 in the weekly open price zone.

 

The pressure on the US currency continues this week

For a bearish option, we need a continuation of yesterday’s negative consolidation back below the 101.40 level. After that, the dollar index would have to form a new daily low and thus confirm that there is no strength for a reversal. With the increased bearish momentum, all that remains is to watch the index retreat to a new low. Potential lower targets are 101.20 and 101.00 levels.

We highlight Crude Oil Inventories and FOMC Meeting Minutes from today’s economic news. For Thursdays, we have Initial Jobless Claims, S&P Global US Manufacturing PMI, S&P Global Services PMI, and an Existing Home Sale. Dollar volatility will be at its maximum tomorrow, and with it will all USD pairs, as well as oil and gold.

 

The post The dollar index remains in a bearish trend this week appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Walz unknown by 4 in 10 Americans, but favorability rating tops Vance: poll
next post
European Union slashes planned tariffs on China-made Tesla EVs, other Chinese firms

related articles

Oil Prices Rebound After Trump’s Criticism of Powell

April 22, 2025

Trump’s Fed Criticism Sparks Investor Concerns

April 22, 2025

Buy Bitcoin Under $100K Before The Next Bull...

April 22, 2025

BNB Price Surge Leads Crypto Gains as Bitcoin...

April 21, 2025

Fed’s Stagflation Warning Impacts Crypto Markets

April 21, 2025

Bitcoin Slips to $83.6K Amid Nvidia’s $5.5B Charge

April 21, 2025

Gold Price Surge Hits $3,385 Amid Trade Tensions

April 21, 2025

Bitcoin Rebounds to $83,404 Amid Renewed Investor Confidence

April 21, 2025

Memecoins, AI, and DeFi Tokens Lead Crypto Rebound

April 21, 2025

Bitcoin Nears $85K Amid Market Optimism

April 21, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Biden chief of staff reportedly gave approval for autopen pardons on final day in office

    July 14, 2025
  • Former White House lawyer says Trump will not use DOJ ‘for political purposes,’ but to implement ‘his agenda’

    November 8, 2024
  • Trump nominees pile up as GOP weighs rule shift once floated by Democrats

    September 7, 2025
  • Comer probes NGOs that received $20B in Biden EPA grants despite almost no revenue: ‘Shady deal’

    March 27, 2025
  • Texas Instruments faces investor scrutiny amid high capex spending: What to expect in Q2 earnings

    July 23, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,565)
  • Investing (634)
  • Stock (945)

Latest Posts

  • LEE CARTER: Election 2024’s top lesson is about one crucial thing and we need to learn from it

    November 9, 2024
  • Pro-lifers pounce on Fetterman for opposing ‘Born-Alive Abortion Survivors Protection Act’: ‘Infanticide’

    January 23, 2025
  • Tencent Stock: Q3 Profit Surges 47%, Gaming and Ads Lead

    November 15, 2024

Recent Posts

  • Anna Paulina Luna escalates DOJ standoff over Epstein docs, unveils SHRED Act

    March 14, 2025
  • Former Obama official defends keeping Biden on ticket: ‘Presidency is more than just one man’

    July 10, 2024
  • Situation in Haiti worsens amid ‘acute violence’ as UN support mission falters under gang violence

    October 23, 2024

Editor’s Pick

  • Ceasefire over as Israel strikes Gaza after Hamas refused to release hostages, officials say

    March 18, 2025
  • Walz forced to correct record on whether he was in China for the Tiananmen Square protests

    October 2, 2024
  • ‘No means of escape’: Sudanese rebels create kill zones around besieged city

    September 9, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock