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Jim Wyckoff

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Greenback bulls fade a bit

April 29, 2020 by Jim Wyckoff

The U.S. dollar index is a basket of six major world currencies weighted against the greenback. See on the daily bar chart for the USDX futures that a price uptrend has rolled over into sideways and choppy trading. The bulls still have the overall near-term technical advantage. The direction in which prices push above or below the resistance or support line seen on the chart will likely be the next trending move for the USDX.–Stay tuned! Jim

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

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