Dollar Index surge aims at 2020 highs

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The surge of the US Dollar, which was caused by the Federal Reserve announcing incoming monetary tightening, has passed 2021 high levels. Due to that reason a review of the chart has been conducted. The index is located in the borders of a large scale channel up pattern since June 2021. In addition, various 2020 high levels could act as resistance.

The next target for the surge could be the resistance of the June 2020 high level at 97.8170. Above that level, the upper trend line of the channel up pattern might stop the index. Meanwhile, note that round index levels are capable of acting as resistance.

On the other hand, a potential decline of the US Dollar might look for support in the late 2021 high level zone at 97.00. Below the 97.00 mark, note the 50-day simple moving average near 96.10.

Back to articles

Actual Topics

Fri, 28 Jan 2022 11:33:25 GMT

USD/NOK surges due to SMA

On January 13, the USD/NOK pair found support in the 200-day simple moving average, which caused a surge of the pair. Most recently, the surge was strengthened by the US Federal Reserve announcing US monetary policy tightening. In the case that the surge continues, to pair might aim at the 2021 high level zone of 9.1000/9.2000. A passing of

Thu, 27 Jan 2022 11:31:20 GMT

USD/TRY trades sideways

Since the drop of the Turkish Lira up to mid-December and the following high volatility, the rate has been trading sideways between two zones. Namely, the rate has been trading between the resistance of the zone that surrounds the 14.0000 mark and the support zone at 12.9300/13.3000. Recently, the 50-day simple moving average has approached the rate and could provide

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.