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Jim Wyckoff

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Greenback backs off, but still strong

July 19, 2022 by Jim Wyckoff

The U.S. dollar index has backed off a bit from its recent 20-year high, but the bulls remain strong as prices are still in an uptrend on the daily chart. It’s important to remember that price trends in the currency markets tend to be stronger and longer-lasting than price trends in other markets. Thus, the present losses in the USDX are so far just a normal, and even healthy, downside price correction in the uptrend. Keep reading my daily market reports and you’ll get those early clues on significant price trend changes. Stay tuned! —Jim Wyckoff

Filed Under: Blog News, Jim's Morning Report, Uncategorized

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