US Dollar Outlook: USD Correction Plunges Towards 2021 Uptrend Support
2021-04-18 09:00:00
Michael Boutros,
Strategist
US Dollar Technical Price Outlook: DXY Weekly Trade Levels
US Dollartechnical trade level update – Weekly Chart
USD reverses sharply of confluent uptrend resistance- correction underway
DXY weekly resistance steady at 92.28, 93 – constructive while above 90.82
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The US Dollar Index plummeted for the second consecutive week with DXY down more than 0.7% in early New York trade on Friday. The losses come on the heels of a larger reversal from confluent uptrend resistance and while the threat for a deeper pullback remains, the bears may be vulnerable in the days ahead as the index approaches yearly uptrend support just lower. These are the updated technical targets and invalidation levels that matter on the US Dollar Index price chart heading into next week. Review my latest Strategy Webinar for an in-depth breakdown of this DXY technical setup
Strong Beat in March ISM Services PMI Sends Index To Record High 2021-04-05 14:00:00 Izaac Brook,
March ISM Services PMI & US Dollar Talking Points:
ISM Services PMI for March prints at 63.7 versus forecast of 59.0.
Print is Service Index’s highest since in ISM records dating back to 1997.
The DXY is notably weaker today but still remains strong in 2021. Advertisement
Strong Beat in March ISM Services PMI Sends Index To Record High
US services activity in March rose to a pandemic high as the March ISM Services PMI printed at 63.7, strongly exceeding the forecast of 59. The print is the ISM Services PMI’s highest on record since its component data began to be collected in 1997. In February, the Services PMI fell to its lowest level since May of 2020 as extreme weather prevented typical services activity. March’s resurgence reflects that February’s dip was not the beginning of a downtrend and instead shows co
US Dollar Outlook: DXY Breakout Vulnerable into April Open / NFP 2021-04-01 16:30:00 Michael Boutros, Strategist
US Dollar Technical Price Outlook: DXY Near-term Trade Levels
US Dollar technical updated technical trade levels – Daily & Intraday Charts
USD breakout testing first hurdle at uptrend resistance – NFPs on tap
Key resistance into 93.55 - Support eyed at 92.46, constructive above 91.75 Advertisement
The US Dollar Index is up more than 0.3% since the start of the week with DXY attempting to mark a third consecutive weekly advance. The rally takes the index into the first major resistance hurdle and while the broader focus remains constructive, the immediate advance may be vulnerable while below uptrend resistance into the April open. These are the updated technical targets and invalidation levels that matter on the US Dollar Index price chart heading into NFPs tomorrow. Review
US Dollar Outlook: USD Undeterred by FOMC– DXY Threatens Breakout dailyfx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyfx.com Daily Mail and Mail on Sunday newspapers.
The Dollar snapped a two-week winning streak after faltering at technical resistance- all eyes on FOMC. Here are the levels that matter on the DXY technical charts.