• 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

  • Religious slaughter in Syria shows need for US, Europe to ‘keep a close eye’ on Islamist regime: Greek FM

    March 10, 2025
  • Sports bar chain Twin Peaks is going public. These restaurant companies are the next to watch.

    January 31, 2025
  • Harris campaign abandons Biden in final weeks before Election Day: report

    October 20, 2024
  • European stocks climb as French no-confidence vote looms; Indian PSU banks lead gains

    December 4, 2024
  • Ukrainian Offensive Forces Control 1,000 sq km in Kursk

    August 14, 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

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

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

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

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,287)
  • Investing (634)
  • Stock (936)

Latest Posts

  • Trump picks former intel director John Ratcliffe to head the CIA

    November 13, 2024
  • Hawley presses FBI to probe alleged Biden-era targeting of Christians

    March 26, 2025
  • Savings drained and living off $2,400 a month, a Florida retiree misses out on her ‘golden years’

    July 18, 2024

Recent Posts

  • Panama eliminates charge fees for U.S. government vessels to use the canal

    February 6, 2025
  • Transgender Democrat accuses Trump of ‘all-out assault’ against ‘American democracy’

    August 19, 2025
  • ApeCoin and Akita Inu: ApeCoin dropped to 0.570 on Monday

    August 13, 2024

Editor’s Pick

  • Iran denies involvement in Trump assassination plot outlined in DOJ report: ‘Malicious conspiracy’

    November 9, 2024
  • GOP-led Senate confirming president’s nominees at faster pace than Biden admin, first Trump term

    February 5, 2025
  • Mike Lawler tells NY Dem to ‘f— off’ after chaos ignites on House floor

    June 12, 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