Not altering the theme of being range bound

The US dollar index (DXY) has recovered some of the losses seen on 25 March and found support at the band around 102.00 and 101.90. While it is expected that the index could remain in a consolidative range with a broader bearish stance, a drop below the monthly low at 101.91 could open the door to a potential visit to the 2023 low at around 100.80. The outlook for the index is negative while it remains below the 200-day Simple Moving Average (SMA) at 106.55.

Read the complete article

(Visited 14 times, 1 visits today)

About The Author

Niels I have been passionate about dogecoin since 2019, and have since become an avid follower and advocate of the cryptocurrency. I keep a close eye on the Dogecoin market and trends, and I'm always up-to-date with the latest news and developments. As a true believer in the potential of dogecoin, I am excited to be a part of the growing community and I'm eager to share my knowledge and experience with others. When not busy with dogecoin, I enjoy golf, and I can often be found on the golf course.

You Might Be Interested In


Your email address will not be published. Required fields are marked *

This is default text for notification bar