November has seen the formation of a steady downtrend in the US dollar (USD) exchange rate.
The Dollar Index (DXY), a key index reflecting USD strength or weakness, showed a golden cross with the 10-day and 21-day moving averages early in November. Since then, resistance has been observed at the 21-day and 10-day moving averages. Currently, it has declined to the level of the 200-day moving average. This development has essentially […]
Dollar index rebounds
In the market at the beginning of the week, the dollar index has been rebounding for the first time in a long time. It is the first time that the daily bar shows the positive line since August 26th. After hitting a low of 92.095 in the morning in Tokyo, it rose further in the […]